The board of directors of Prosper Construction Holdings Limited hereby announced that Mr. WANG Xuejun ("Mr. Wang") has been re-designated from a non-executive Director to an executive Director to strengthen involvement in management of the Company with effect from 1 March 2021. Mr. Wang, aged 58, first joined the Company in October 2018 as a non-executive Director and was appointed as chairman of the Board and chairman of the Board's nomination committee since December 2020. Mr. Wang is also a director of two of the Group's subsidiaries. As chairman of the Board, Mr. Wang leads and coordinates the operation of the Board in formulating Company's goals and governance practices. Mr. Wang has more than 20 years of experience in government administration, transportation supervision, and enterprise management.