The board of directors of Powerlong Real Estate Holdings Limited announced that Ms. Chan Pung Fei has tendered her resignation as (i) the company secretary of the Company; (ii) the authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange Hong Kong Limited; (iii) the person authorized to accept service of process and notices on behalf of the Company in Hong Kong as required under Rule 19.05(2) of the Listing Rules; and (iv) the authorized representative of the Company as required under Part 16 of the Companies Ordinance, Chapter 622 of the Laws of Hong Kong, in each case, with effect from 18 December 2020. The Board further announced that following Ms. Chan's resignation, Ms. Suen Pui Chun Hannah has been appointed as one of the joint company secretaries of the Company, the Authorized Representative under the Listing Rules, the Process Agent and the Authorized Representative under the Companies Ordinance, in each case, with effect from 18 December 2020, and Ms. Hai Di ("Ms. Hai") has been appointed as the other Joint Company Secretary with effect from 18 December 2020.