The board of directors of China Aoyuan Group Limited announced that Mr. Ma Jun ("Mr. Ma") has been re-designated from an executive director of the Company to a non-executive director of the Company with effect from 1 November 2023 in order to allocate more time to his other personal commitments. Apart from being re-designated as a non-executive director of the Company, Mr. Ma will cease to hold other positions in the Group with effect from the same date.