The board of directors of Kaisa Prosperity Holdings Limited announced that Mr. Weng Hao ("Mr. Weng") has tendered his resignation as an Executive Director of the Company with effect from 8 April 2020 in order to devote more time to pursue his personal endeavours. The Board announced that Ms. Kwok Hiu Ting ("Ms. Kwok") and Mr. Li Haiming ("Mr. Li") have been appointed as the Executive Directors of the Company with effect from 8 April 2020. Ms. Kwok Hiu Ting, aged 26, is currently a deputy manager in the Investment Banking Department of Kaisa Group Holdings Ltd., since January 2020 and prior to which Ms. Kwok was a deputy manager in the Investment Department of Kaisa Group during the period from August 2018 till January 2020. Mr. Li Haiming, aged 45, has been the Executive President of Kaisa Group since January 2019. He is in charge of Investment and Operations Management of the real estate sector of Kaisa Group. Since March 2020, he also serves as senior management of various subsidiaries of Kaisa Group, including as the Chief Executive Officer of Urban Renewal Services Ltd, the chairman of each of APEX Parks and Entertainment Services Ltd. and International Park Group; the Chairman and President of Kaisa Services Co., Ltd, and Kaisa Group (International) Co., Ltd, the General Manager of Kendu Project Development Co. Ltd.