Litu Holdings Limited announced the following changes in the composition of the Board and Board committee of the Company: Mr. Qin Song has tendered his resignation as chief executive officer of the Company with effect from 21 January 2022 as he wishes to pursue his other career development. The Board further announces that with effect from 21 January 2022, following the resignation of Mr. Qin, Mr. Chen Xiao Liang, Chairman and executive Director, has been re-designated as the chief executive officer in place of Mr. Qin. Mr. Chen, aged 63, has over 20 years of extensive experience in the property investment and development industry.