The board of directors of Landsea Green Properties Co., Ltd. announced that Mr. Huang Zheng ("Mr. Huang") was appointed as an executive Director with effect from 27 March 2020; Mr. Jiang Chao ("Mr. Jiang") was appointed as an executive Director and the executive vice president of the Company with effect from 27 March 2020: Ms. Zhou Qin ("Ms. Zhou") will retire by rotation at the forthcoming annual general meeting (the AGM) of the Company to be held on 19 June 2020 pursuant to bye-law 87(1) of the Bye-Laws. Ms. Zhou would like to spend more time on the business of
Landsea Group Co., Ltd. ("Landsea Group", the controlling shareholder of the Company), thus, it is confirmed that Ms. Zhou will not offer herself for re-election at the AGM and will retire upon conclusion of the AGM. Ms. Zhou will also cease to be a member of the remuneration committee of the Company (the "Remuneration Committee") upon her retirement; Mr. Xie Yuanjian ("Mr. Xie") would like to spend more time on the business of Landsea Group, thus, he will also retire at the forthcoming AGM; Mr. Lee Kwan Hung, Eddie ("Mr. Lee") will retire by rotation at the AGM pursuant to bye-law 87(1) of the Bye-Laws. Mr. Lee would like to spend more time pursuing his own business, thus, it is confirmed that Mr. Lee will not offer himself for re-election at the AGM and will retire upon conclusion of the AGM. He will also cease to be a member of each of the audit committee (the "Audit Committee") and the nomination committee (the "Nomination Committee") of the Company upon his retirement; Mr. Huang was appointed as the chief executive officer (the "CEO") of the Company in place of Mr. Tian Ming ("Mr. Tian") with effect from 27 March 2020; and Ms. Shen Leying was appointed as a member of the Remuneration Committee in place of Ms. Zhou with effect from 19 June 2020. Ms. Zhou, Mr. Xie and Mr. Lee confirmed that he/she has no disagreement with the Board or the Company and there is no other matter relating to his/her retirement that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Mr. Huang, aged 37, was appointed as an executive Director and Chief Executive Officer of the Company on 27 March 2020. Mr. Huang had worked for Huarun (Dalian) Co.,Ltd., CITIC Real Estate Co., Ltd. and Hailiang Group Co., Ltd. as the sales manager and general manager respectively. He has extensive experience in sales and
marketing and operation management in real estate industry. Mr. Huang joined Landsea Properties in 2019 and served as the vice president. He did not hold any directorship in other listed public companies in the past three years. Mr. Jiang, was appointed as an executive Director and Executive Vice President of the Company on 27 March 2020. He has joined several enterprises including Longfor Group Holdings Limited and China Vanke Co., Ltd., and served as the person-in-charge of the investment center and manager of the development department for regional projects of the group. He has extensive experience in real estate industry, land acquisition as well as project acquisitions and mergers. Mr. Jiang was appointed as assistant to president and Chief Investment Officer of Landsea Properties on 12 January 2017, and was also in charge of the strategic expansion center. He was also appointed as the Vice President of the Company on 23 November 2018.