The board of directors of Prosper Construction Holdings Limited announced that Mr. YANG Zhenshan, an executive director of the Company, will retire from the Board upon expiry of the present term of his directorship at the forthcoming annual general meeting of the Company on 27 June 2023 and will not offer himself for re-election in order to focus on managing the Company's affairs at the subsidiary level. Consequently, Mr. Yang will cease to be a Director of the Company at the conclusion of the AGM.