The board of directors of Minmetals Land Limited together with its subsidiaries announced that: Mr. Selwyn Mar ("Mr. Mar") resigned as an independent non-executive director of the Company, the chairman of the audit committee and a member of each of the remuneration committee and nomination committee of the Company with effect from 1 July 2022 as he has served as an independent non-executive director of the Company for almost 20 years; and Professor Wang Xiuli ("Professor Wang") was appointed as an independent non-executive director of the Company, the chairman of the audit committee and a member of each of the remuneration committee and committee of the Company with effect from 1 July 2022. Professor Wang Xiuli, aged 57, holds a Bachelor's Degree in Economics from Renmin University of China and a Doctorate Degree in Economics from the University of International Business and Economics. She is also a member of the Chinese Institute of Certified Public Accountants.

Professor Wang has been teaching in the University of International Business and Economics since 1988 and is currently a professor of the Business School of the University of International Business and Economics. Professor Wang was an independent director of Minmetals Development Co. Ltd., Three Squirrels Co.

Ltd. and Ecovacs Robotics Co. Ltd. She is currently an independent director of Guoxin Health Insurance Service Group Co. Ltd. and Zhongke Cambrian Technology Co.

Ltd. The shares of the abovementioned companies are listed on Shenzhen Stock Exchange and Shanghai Stock Exchange, respectively.