The board of directors of Sino-Ocean Group Holding Limited announced the following changes in Directors and composition of Board committee with effect from 14 April 2020: Mr. FANG Jun has resigned as a non-executive Director and a member of the investment committee of the Company in order to devote more time to his other commitments; and Mr. HOU Jun has been appointed as a non-executive Director and a member of the investment committee of the Company. Mr. Hou Jun, is currently the assistant to general manager of the investment management department of China Life Insurance (Group) Company.