The board of directors of Sunac China Holdings Limited announced that Mr. Li Qin ("Mr. Li") has tendered his resignation as an independent non-executive director, a member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the Company due to his desire to devote more time on his personal affairs with effect from 22 October 2020. The Board further announces that Mr. Yuan Zhigang ("Mr. Yuan") has been appointed as an independent non-executive director, a member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the Company with effect from 22 October 2020. Mr. Yuan currently serves as an independent director in JIC Trust Co. Ltd., an independent director in Shanghai Pudong Development Bank Co. Ltd.