The board of directors of Poly Property Group Co., Limited announced that Mr. Zhu Weirong has a retirement plan and has tendered to resign as Executive Director of the Company with effect from 28 September 2021. Mr. Zhu is re-designated as a consultant of the Company immediately. Mr. Zhu has confirmed that he has no disagreement with the Board and there are no other matters concerning the aforesaid resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board would like to express its sincere gratitude to Mr. Zhu for his invaluable contribution to the Group in the past years. The Board announces that it appoints Mr. Guo Jianquan to fill the casual vacancy as a result of the retirement of Mr. Zhu from the Board in accordance with article 99 of the articles of association of the Company with effect from 28 September 2021. The biographical details of Mr. Guo are set out below. He served as the deputy chief financial officer of China Poly Group Corporation Limited and chairman of the supervisory board of CLIGCL from May to November 2018, and from November 2018 to August 2021, he served as director and general manager of CLIGCL. Mr. Guo is currently also directors of Poly Finance Company Limited, Poly International Holdings Co. Ltd. and China National Arts & Crafts Group Corporation Limited, the subsidiaries of CPGC.