Kaisa Group Holdings Ltd. announced that each of Mr. Weng Hao ("Mr. Weng") and Mr. Zheng Yi ("Mr. Zheng") has tendered his resignation as an executive director of the Company with effect from 6 April 2020 in order to devote more time to their respective personal endeavors. The Board announced that Mr. Kwok Hiu Kwan ("Mr. Kwok") and Mr. Li Hai Ming ("Mr. Li") have been appointed as the executive Directors of the Company with effect from 6 April 2020.