The board of directors of Redsun Properties Group Limited announced that Mr. Zhang Liang has tendered his resignation as a non-executive Director and a member of the remuneration committee of the Board with effect from 22 November 2020 in order to devote more time to his personal commitments. Mr. Zhang Liang will no longer hold any position in the Company and its subsidiaries after his resignation. The resignation of Mr. Zhang Liang will not result in the number of members of the Board falling below the minimum quorum, nor will it affect the normal operation of the Board.