The board of directors of Landsea Green Management Limited announced that: Ms. Gu Jing has been appointed as a non-executive Director with effect from 31 August 2022; and Mr. Xu Liang has tendered his resignation as a non-executive Director with effect from 31 August 2022 due to his personal affairs. Ms. Gu, aged 48, is currently the board secretary of Landsea Group Co. Ltd. (Landsea Group), the controlling shareholder (as defined under the Rules Governing the Listing of Securities on the Stock Exchange of the Company).

She joined Landsea Group in 2007 and served as the accounting department manager and tax department manager of Financial Management Center, assistant of the general manager and officer of the board of directors of Landsea Group. Ms. Gu obtained a bachelor degree of accounting from Nanjing University of Science and Technology. She is a Certified Public Accountant and a Certified Tax Agent in China.

Ms. Gu has signed an appointment letter issued by the Company on 31 August 2022 for the appointment as a non-executive Director for a term of three years commencing from 31 August 2022. She is subject to re-election at the general meeting and thereafter subject to retirement by rotation and re-election at least once in every three years in accordance with the Bye-Laws of the Company and the Code on Corporate Governance under Appendix 14 to the Listing Rules. The appointment of Ms. Gu can be terminated by the Company or Ms. Gu with one month's notice in writing.

Ms. Gu is not entitled to any director's fee as a non- executive Director.