The board of directors of Y. T. Realty Group Limited announce that Mr. Lai Degang ("Mr. Lai") has been appointed as an independent non-executive Director and members of Audit Committee, the Nomination Committee and the Remuneration Committee of the Company of the Company with effect from 10 August 2023. Mr. Lai Degang, aged 56, obtained a master's degree in business administration from the University of Electronic Science and Technology of China and was qualified as a national first-class construction engineer in China in 2005. He has over 30 years of working experience in construction, real estate development and hotel management business.