CHINA RES LAND announced that Executive Director Mr. Xu Rong will be appointed as the company's president and a member of the Corporate Social Responsibility Committee starting from December 23, 2024. Mr. Xu, 56 years old, joined the company in January 2023 as Vice President and was appointed as Executive Director and Executive Committee member in October 2024. Mr. Xu has extensive experience in urban planning, development construction, and urban renewal management.Mr. Xu has signed an appointment letter for the Executive Director position with a service term of three years. His pre-tax basic monthly salary is RMB 115,300, along with discretionary bonuses and term incentives. As of the date of this announcement, Mr. Xu does not hold any shares in the company or its associated corporations. The Board of Directors warmly welcomes Mr. Xu to his new position and confirms that the company has complied with the provisions of Code C.2.1 in Appendix C1 of the listing rules.

CHINA RES LAND announced that Executive Director Mr. Xu Rong will be appointed as the company's president and a member of the Corporate Social Responsibility Committee starting from December 23, 2024. Mr. Xu, 56 years old, joined the company in January 2023 as Vice President and was appointed as Executive Director and Executive Committee member in October 2024. Mr. Xu has extensive experience in urban planning, development construction, and urban renewal management.Mr. Xu has signed an appointment letter for the Executive Director position with a service term of three years. His pre-tax basic monthly salary is RMB 115,300, along with discretionary bonuses and term incentives. As of the date of this announcement, Mr. Xu does not hold any shares in the company or its associated corporations. The Board of Directors warmly welcomes Mr. Xu to his new position and confirms that the company has complied with the provisions of Code C.2.1 in Appendix C1 of the listing rules.