The board Country Garden Holdings Company Limited announced the changes of Directors. Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham and Mr. TONG Wui Tung, independent non-executive Directors of the Company, have tendered resignation from their positions as independent non-executive Directors of the Company due to their intention to devote more time to their other commitments, all with effect from 15 March 2024. Dr. HAN Qinchun, Mr. WANG Zhijian and Mr. TUO Tuo have been appointed as independent non-executive Directors of the Company, with effect from 15 March 2024.

Dr. HAN, aged 65, obtained a doctorate degree in philosophy in urban economics and management from The University of Hong Kong in 1998 and a bachelor's degree in planning from Xi'an University of Architecture and Technology in 1982. Dr. HAN has rich experience in the PRC property sector, financial investment, equity capital market and listed companies' management. From 2000 to 2006, Dr. HAN worked in securities and investment in Bank of China International Holdings Limited, Agricultural Bank of China Securities Limited (now known as Agricultural Bank of China International Holdings Limited) and Everbright Securities Company (Hong Kong) Limited.

From 2006 to 2010, Dr. HAN served as the vice-chairman and co-president and executive director of Hong Long Holdings Limited (now known as LET Group Holdings Limited). Over the past three years, Dr. HAN served as an independent non-executive director of Lingbao Gold Group Company Ltd., a company listed on the Main Board of the Stock Exchange, for nine years and is currently an independent non-executive director of companies listed on the Main Board of the Stock Exchange, namely Xinda Investment Holdings Limited, Guangdong -- Hong Kong Greater Bay Area Holdings Limited and Sunfonda Group Holdings Limited. Dr. HAN is also the founder and chairman of Hong Kong Private Markets Limited.

Mr. WANG, aged 45, obtained a bachelor's degree and a master's degree in business administration from Sun Yat-sen University in 2001 and 2015 respectively. He is a certified public accountant in the PRC, a certified public accountant in Australia and an intermediate economist, and has obtained a Fund Practitioner Qualification Certificate. From 2019 to 2021, Mr. WANG served as the person in charge of Guangzhou office and director of client development of Resources Global Professionals (Beijing) Co.

Ltd. Mr. WANG is currently the financial controller of Corestone (Guangzhou) Investment Development Co. Ltd. Mr. TUO, aged 44, obtained a bachelor's degree in law from Peking University in 2001, a master's degree in banking and finance laws from the University of London in the United Kingdom in 2003 and a master's degree in law from the University of Pennsylvania in the United States in 2009. From 2004 to 2008, Mr. TUO served as a lawyer at the Beijing representative office of Baker McKenzie.

From 2011 to 2021, Mr. TUO served as a senior partner/lawyer of Beijing Dacheng Law Offices, LLP. Mr. TUO is currently a director, a partner, a senior vice president, the general counsel of the Baoyun Group and the general manager of Guizhou Baoyun, and the president of Baoyun Vineyard. The Board announced that Mr. LAI has resigned as the chairman of the audit committee of the Company, and Mr. SHEK and Mr. TONG have resigned as members of the audit committee of the Company, all with effect from 15 March 2024.

The Board announced that Mr. WANG has been appointed as the chairman of the audit committee of the Company, and Dr. HAN and Mr. TUO have been appointed as members of the audit committee of the Company, all with effect from 15 March 2024. The Board announces that Mr. TONG has resigned as the chairman of the remuneration committee of the Company, and Mr. LAI and Mr. SHEK have resigned as members of the remuneration committee of the Company, all with effect from 15 March 2024. The Board announced that Mr. TUO has been appointed as the chairman of the remuneration committee of the Company, and Dr. HAN and Mr. WANG have been appointed as members of the remuneration committee of the Company, all with effect from 15 March 2024.

The Board announced that Mr. LAI and Mr. TONG have resigned as members of the nomination committee of the Company, both with effect from 15 March 2024. The Board also announces that Mr. WANG and Mr. TUO have been appointed as members of the nomination committee of the Company, both with effect from 15 March 2024. The Board announced that Mr. LAI, Mr. SHEK and Mr. TONG have resigned as members of the environmental, social and governance committee of the Company, all with effect from 15 March 2024.

The Board announced that Dr. HAN, Mr. WANG and Mr. TUO have been appointed as members of the environmental, social and governance committee of the Company, all with effect from 15 March 2024.