The board of directors of Redsun Properties Group Limited announced that Mr. Jiang Daqiang has tendered his resignation as a non-executive Director and a member of the audit committee of the Board with effect from 26 February 2021 due to his personal career development. Mr. Jiang Daqiang will no longer hold any position in the Group after his resignation. The Board of Directors announced that Mr. Zeng Junkai has been appointed as an executive Director, a member of the remuneration committee of the Board and a vice president of the Company with effect from 26 February 2021. Mr. Zeng, aged 27, has been the general manager of the Nanjing regional companies of the Group since January 2021. He served as the general manager of the Chengdu regional companies of the Group from October 2018 to January 2021 and the assistant president of Hong Yang Group Company, the controlling shareholder of the Company, from May 2016 to October 2018.