The Board of Directors (the "Board") of Ying Li International Real Estate Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that Mr. Wang Hongyang has resigned as a Non-Executive and Non-Independent Director of the Company with effect from 17 May 2023. Following his resignation, he shall step down as members of the Audit Committee ("AC") and the Risk Management Committee ("RMC") accordingly. Following the above, the composition of the Board and the Board Committees shall be as follows: Zhang Mingao as member of Remuneration Committee; Yang Haishan, member of Nominating Committee; Chia Seng Hee, Jack as chairman of Audit, Nominating, Remuneration and Risk Management Committee; Tan Sek Khee as member of Audit Committee and chairman of Remuneration Committee; Chen Guodong as member of nomination and remuneration committee; Ma Jieyu as member of Risk Management Committee.