The board of directors of Modern Land (China) Co., Limited announced that Mr. Chen Zhiwei tendered his resignation as a non-executive Director with effect from 24 March 2022. Mr. Chen resigned to better focus on his other business engagements. The Board announces that Mr. Tang Lunfei, who is nominated by Cinda HK, has been appointed as a non-executive Director with effect from 24 March 2022.

Mr. Tang Lunfei, 43, has been serving for Cinda HK as Risk and Compliance Officer since July 2019.