The Board of Peking University Resources (Holdings) Company Limited announced that with effect from 8 October 2021: Mr. Yau Pak Yue ("Mr. Yau") has been appointed as a non-executive Director of the Company; Mr. Chu Kin Wang, Peleus ("Mr. Chu"), Mr. Chin Chi Ho, Stanley ("Mr. Chin"), Mr. Ning Rui ("Mr. Ning"), Mr. Chung Wai Man ("Mr. Chung") have been appointed as the independent non-executive Directors of the Company; and Mr. Wang Guiwu ("Mr. Wang") and Mr. Wong Kai Ho ("Mr. Wong") have been appointed as executive Directors of the Company. Mr. Yau is currently the director of Ewin Advisory Company Limited. Mr. Chu He is an independent non-executive director of China First Capital Group Limited. Mr. Chin is currently the Independent non-executive director of Champion Alliance International Holdings Limited. Mr. Ning is a member of the Chinese Institute of Certified Public Accountants (CICPA). Mr. Ning is currently an independent non-executive director of Hifood Group Holdings Co., Limited. Mr. Chung currently served as a non-executive director of Freeman FinTech Corporation Limited. Mr. Wang Since March 2016, Mr. Wang has been the director of Liaoning Antai Nonferrous Mining Co., Ltd. Mr. Wong has more than 16 years of experience in financial and business management. Mr. Wong has also been the vice president and assistant chairman of Guoce Geoinformation Technology Industry Park Group Co. Ltd. since March 2018. Mr. Cheung Shuen Lung ("Mr. Cheung") has relinquished his role as chairman of the Board (the "Chairman") but will remain to serve as an executive Director of the Company; Mr. Cheung has resigned as an authorised representative of the Company under Rule 3.05 of the Listing Rules (the "Authorised Representative"); Mr. Wong, an executive Director, has been appointed as the Chairman and Authorised Representative; and Mr. Zeng Gang has resigned as the president of the Company due to his other personal pursuits and business commitments. The Board announces that with effect from 8 October 2021: Mr. Chu has been appointed as the chairman of the Audit Committee; and Mr. Chin and Mr. Ning have been appointed as members of the Audit Committee. The Audit Committee is now composed of three independent non-executive Directors, namely Mr. Chu as the chairman, and Mr. Chin and Mr. Ning as members. The Remuneration Committee: The Board announced that with effect from 8 October 2021: Mr. Chung has been appointed as the chairman of the Remuneration Committee; Mr. Chin and Mr. Wong have been appointed as member of the Remuneration Committee; and Mr. Cheung has ceased to be a member of the Remuneration Committee. The Remuneration Committee is now composed of two independent non-executive Directors, namely Mr. Chung as the chairman and Mr. Chin as member, and one executive Director, namely Mr. Wong as member. The Nomination Committee: The Board announces that with effect from 8 October 2021: Mr. Wong has been appointed as the chairman of the Nomination Committee; Mr. Ning and Mr. Chung have been appointed as members of the Nomination Committee; and Mr. Cheung has ceased to be the chairman and a member of the Nomination Committee. The Nomination Committee is now composed of one executive Director, Mr. Wong as the chairman, and two independent non-executive Directors, namely Mr. Ning and Mr. Chung as members. The Board announced that with effect from 8 October 2021: Mr. Xia Ding ("Mr. Xia") has been appointed as the chief operational officer of the Company. Mr. Xia has over 30 years of experience in the real estate development and investment industry. Since 2012, Mr. Xia has been the president of Chongqing Peking University Resources Investment Company Limited.