The board of directors of Sino-Ocean Group Holding Limited announced the following changes in Directors and composition of Board committees with effect from July 25, 2021: Mr. FU Fei has resigned as a non-executive Director and a member of the strategic and investment committee of the Company in order to devote more time to his other commitments; Ms. LI Liling has resigned as a non-executive Director and a member of the audit committee of the Company in order to devote more time to her other commitments; Mr. ZHAO Peng has been appointed as a non-executive Director and a member of the audit committee of the Company; and Mr. CHEN Ziyang has been appointed as a non-executive Director and a member of the strategic and investment committee of the Company.