The board of directors of Kaisa Group Holdings Limited announced that the following appointments will take effect from 5 November 2020. Mr. Mai Fan, who is currently an executive Director, the president and the chief executive officer of the Group will, in addition to his current roles, be appointed as a vice chairman of the Board. Mr. Li Haiming, who is currently an executive Director and the chief operating officer of the Group will, in addition to his current roles, be appointed as a co-president of the Group. Mr. Kwok Hiu Kwan, who is currently an executive Director and chairman of the Shanghai region of the Group will, in addition to his current roles, be appointed as a co-president of the Group.