The board of directors of SOHO China Limited announced that Mr. Zhang Mingeng (Mr. Zhang) has been appointed as an independent non-executive Director, with effect from 11 October 2023. Mr. Zhang was accredited the degree of Doctor in Jurisprudence. As one of the leading personnel in real estate industry in China, Mr. Zhang was the chairman of China Real Estate Investment Fund Alliance and the vice-chairman of China Real Estate Chamber of Commerce.

Over the years, Mr. Zhang has accumulated insights in macro-economy and the trend and investment in real estate industry, and has abundant practical experiences in the operation of real estate projects. The Board also announces that with effect from 11 October 2023, Mr. Sun Qiang Chang (Mr. Sun) tendered his resignation as an independent non-executive Director due to his other business commitments. Mr. Sun has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the Shareholders or the Stock Exchange in relation to his resignation.

The Board further announces that with effect from 11 October 2023: Mr. Huang Jingsheng (Mr. Huang) has tendered his resignation as the non-executive chairman of the Board due to work adjustment. Mr. Huang will continue in his role as an independent non-executive Director, as well as his roles in the respective Board committees; Ms. Xu Jin ("Ms. Xu"), an executive Director and co-Chief Executive Officer of the company, has been appointed as the chairman of the Board; and Upon the resignation of Mr. Sun, Mr. Huang has been appointed as the chairman of the audit committee of the Board (the "Audit Committee"); and Mr. Zhang has been appointed as a member of each of the Audit Committee and the remuneration committee of the Board.