The board of directors of Powerlong Real Estate Holdings Limited (the ‘Company’) announced that Ms. Xiao Ying Lin (‘Ms. Xiao’) has tendered her resignation as the company secretary of the Company (the ‘Company Secretary’), the authorised representative of the Company (the ‘Authorised Representative under the Listing Rules’) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange Hong Kong Limited (the ‘Listing Rules’), the person authorised to accept service of process and notices on the Company's behalf in Hong Kong as required under Rule 19.05(2) of the Listing Rules (the "Process Agent") and the authorized representative of the Company under Part 16 of the Companies Ordinance, Chapter 622 of the Laws of Hong Kong (the "Authorized Representative under the Companies Ordinance"), in each case, with effect from 31 August 2020. Ms. Xiao has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation of the above positions that needs to be brought to the attention of the shareholders of the Company. The Board announced that following Ms. Xiao's resignation as mentioned above, Ms. Chan Pung Fei ("Ms. Chan") will be appointed as the Company Secretary, the Authorised Representative under the Listing Rules, the Process Agent and the Authorized Representative under the Companies Ordinance, in each case, with effect from 31 August 2020. Ms. Chan is currently an associate member of The Hong Kong Institute of Chartered Secretaries and an associate member of The Chartered Governance Institute. She is also a full member of The Society of Trust and Estate Practitioners (TEP) and a professional member of International Compliance Association. Ms. Chan has extensive working experience in the company secretarial profession. She is currently the joint company secretary of various listed companies in Hong Kong.