The board of directors of Xiwang Property Holdings Company Limited announced that Mr. Yu Chi Kit ("Mr. Yu") has tendered his resignation as the company secretary of the Company (the "Company Secretary") with effect from 1 April 2022 due to his personal career development and he will cease to be an authorized representative of the Company. Mr. Yu has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Wang Jin Tao ("Mr. Wang"), an executive director of the Company, has been appointed as an authorized representative of the
Company with effect from 1 April 2022.