Landsea Green Properties : RETIREMENT OF DIRECTOR, APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CHANGE OF MEMBER OF AUDIT COMMITTEE

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LANDSEA GREEN PROPERTIES CO., LTD.

朗 詩 綠 色 地 產 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 106)

RETIREMENT OF DIRECTOR,

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

AND

CHANGE OF MEMBER OF AUDIT COMMITTEE

The Board announces that:

1. Mr. Zhou Yimin will retire at the AGM as he would like to spend more time pursuing his own business. He will cease to be a member of the Audit Committee upon has retirement; and
2. Mr. Liu Pengpeng has been appointed as a non-executive Director and a member of the Audit Committee in place of Mr. Zhou with effect from 30 June 2021.

The board (the ''Board'') of directors (the ''Director(s)'') of Landsea Green Properties Co., Ltd. (the ''Company'', together with its subsidiaries, the ''Group'') announces that:

1. Mr. Zhou Yimin (''Mr. Zhou'') will retire by rotation at the forthcoming annual general meeting (the ''AGM'') of the Company to be held on 30 June 2021 pursuant to bye-law 87(1) of the bye-laws of the Company (the ''Bye-Laws''). Mr. Zhou would like to spend more time pursuing his own business, thus, it is confirmed that Mr. Zhou 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 the audit committee of the Company (the ''Audit Committee'') upon his retirement; and
2. Mr. Liu Pengpeng (''Mr. Liu'') has been appointed as a non-executive Director and a member of the Audit Committee in place of Mr. Zhou with effect from 30 June 2021.

Mr. Zhou confirmed that he has no disagreement with the Board or the Company and there is no other matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'').

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Below is the biographical information of Mr. Liu:

Mr. Liu, aged 49, is the managing director of the asset management department of Ping An Real Estate Company Limited. Prior to joining Ping An Real Estate Company Limited in 2015, he worked in China Overseas Development Company Limited, Shenzhen Yitian Group Co., Ltd., COFCO Property Group and KWG Group Holding etc. well-known property development companies, and had been an architect, general manager of design department, group vice president. He has over 25 years' experience in the property development industry. He obtained a Bachelor's degree of urban planning in Tongji University and possessed a Master's degree of Central Academy of Fine Arts.

Mr. Liu has signed an appointment letter issued by the Company on 30 March 2021 for the appointment as a non-executive Director for a term of three years commencing from 30 June 2021. He is subject to re-election at the AGM and thereafter subject to retirement by rotation and re-election at least once in every three years in accordance with the Bye-Laws and the Code on Corporate Governance under Appendix 14 to the Rules Governing the Listing of Securities on the Stock Exchange (the ''Listing Rules''). The appointment of Mr. Liu can be terminated by the Company or Mr. Liu with one month's notice in writing. Mr. Liu is not entitled to any director's fee as a non-executive Director.

Mr. Liu did not hold any directorship in other listed companies in Hong Kong or overseas during the past three years. Mr. Liu is not connected with any Director, senior management, substantial or controlling shareholders (as defined under the Listing Rules) of the Company. As at the date of this announcement, Mr. Liu does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong), does not hold any other office in the Company or any other members of the Group and does not have any other major appointments and professional qualifications.

Save as disclosed herein, there are no other matters relating to the appointment of Mr. Liu that need to be brought to the attention of the shareholders of the Company or are required to be disclosed pursuant to Rule 13.51(2) (h) to (v) of the Listing Rules.

The Board would like to take this opportunity to extend its appreciation to Mr. Zhou for his valuable contribution during his tenure as Director in the Company and welcome Mr. Liu for joining the Company as a non-executive Director.

By order of the Board

Landsea Green Properties Co., Ltd.

Chan Yuen Ying, Stella

Company Secretary

Hong Kong, 30 March 2021

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Tian Ming, Mr. Huang Zheng and Mr. Jiang Chao, two non-executive Directors, namely Ms. Shen Leying and Mr. Zhou Yimin, and three independent non-executive Directors, namely Mr. Xu Xiaonian, Mr. Chen Tai-yuan and Mr. Rui Meng.

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