Kaisa Prosperity Holdings Limited announced that Mr. Nie Qiang ("Mr. Nie") has tendered his resignation as an executive Director with effect from 12 July 2023 in order to devote more time to his personal endeavors. The Board announced that Mr. Kwok Hiu Kwan ("Mr. Kwok") has been appointed as an executive Director of the Company with effect from 12 July 2023. His biographical details is set out below.

Mr. Kwok Hiu Kwan, aged 31, is currently an executive Director and co-president of Kaisa Group Holdings Ltd. ("Kaisa Group"). Mr. Kwok has successively served as vice president of Shanghai Urban Renewal Group, the chairman and the president of Shanghai Region of Kaisa Group since May 2018. Mr. Kwok graduated from Essex University in the United Kingdom with a bachelor's degree in finance management in July 2013 and obtained a master in sociology from University College London in the United Kingdom in July 2014.