The board of directors of Poly Property Development Co., Ltd. announced that Ms. Yang Yang, one of the existing joint company secretaries of the company, has ceased to serve concurrently as the secretary of the Board and a joint company secretary of the company due to work rearrangement, and the appointment of Mr. Yin Chao as the secretary of the Board and a joint company secretary of the company has been approved by the Board with effect from 21 February 2020. Ms. Yang will continue to serve as the chief financial officer of the company. Mr. Yin Chao, aged 36, joined the Company in 2020. Mr. Yin has more than 12 years of extensive experience in securities affairs, investor relations and capital operation. From 2007 to January 2020, he worked at Poly Developments and Holdings Group Co., Ltd., the controlling shareholder of the company and has served consecutively as business manager of the financial management center; business manager, senior manager, department deputy manager, department manager of the securities department of the office of the board of directors of Poly Developments and Holdings Group Co., Ltd.; assistant general manager of the office of the board of directors and representative of securities affairs of Poly Developments and Holdings Group Co., Ltd.