The board of directors of Shenzhen Investment Holdings Bay Area Development Company Limited announced that Mr. Jiyang TANG has resigned as a Non-executive Director of the Company with effect from 12 August 2020 due to other work allocation. The board also announced that Mr. Weiguo ZONG has been appointed as a Non-executive Director of the Company with effect from 12 August 2020. In 2015, Mr. ZONG served as the General Manager of Ningbo Vanke Enterprises Company Limited. He was transferred to Shenzhen Vanke Development Company Limited in 2020 to serve as the Executive General Manager. Mr. ZONG has a term of service of three years with the Company from 12 August 2020 to 11 August 2023, and he is subject to retirement from office and re-election at the annual general meetings of the Company and vacation of office in accordance with the provisions of the Articles of Association of the Company.