Shenzhen Investment Holdings Bay Area Development Company Limited announces that Mr. Tianliang ZHANG has resigned as an Executive Director, a member of the committee of the Executive Directors of the Company (the "Executive Committee"), General Manager and authorised representative with effect from 31 March 2023 due to retirement. With effect from 31 March 2023, the composition of the Executive Committee has been changed as follows: Mr. Zhang has resigned as a member of the Executive Committee. The composition of the Executive Committee immediately after the abovementioned changes becoming effective is as follows: Mr. Xiangwen LIAO (Chairman), Mr. Jianming WU, Mr. Cheng WU, Mr. Ji LIU.