The board of directors of Vanke Overseas Investment Holding Company Limited announced that, with effect from 23 November 2021, Mr. Zhang Xu has resigned as the chairman of the Company and an executive Director and ceased to be a member of the Nomination Committee of the Company as he would like to devote more time to his other business commitments and appointed Mr. Sun Jia (Mr. Sun) has been appointed as the Chairman, an executive Director and a member of the Nomination Committee. In March 2016, he was appointed as the Executive Vice President, the Supervisor of Finance and the Chief Financial Officer of China Vanke. Sun Jia is currently the Chief Partner and Chief Executive Officer of Southern Regional Business Group, and Chief Partner of Shenzhen Vanke of China Vanke.