The Board of Directors of China Resources Land Limited announces that effective July 1, 2023, Mr Ho Hin Ngai, Bosco has resigned as independent non-executive director, chairman of the company’s corporate governance committee, member of the company’s remuneration committee, member of the company’s nomination committee and member of the responsibility committee social enterprise because of his personal work arrangements. Mr. Ho has confirmed that he has no disagreements with the Board and that there are no issues regarding his resignation that should be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that effective July 1, 2023, Mr Andrew Y. Yan has resigned as independent non-executive director, chairman of the Remuneration Committee, member of the Corporate Audit Committee, member of the Nomination Committee and member of the Corporate Governance Commission due to his personal work arrangements.

Mr. Yan has confirmed that he has no disagreements with the Board and that there are no issues regarding his dismissal that need to be brought to the attention of the Shareholders and the Stock Exchange. The Board announced that effective 1 July 2023, Mr. Wan Kam To, Peter has resigned as independent non-executive director, Chairman of the Audit Committee, member of the Remuneration Committee and member of the Corporate Governance Committee due to his personal employment. Mr. Wan has confirmed that he has no disagreements with the Board and that there are no issues regarding his dismissal that need to be brought to the attention of the Shareholders and the Stock Exchange.

The management announced the appointment as follows: (1) Mr. Frank Chan Fan GBS JP was appointed as an independent non-executive Director, Chair of the Remuneration Committee, member of the Audit Committee, member of the Nomination Committee, and member of the Corporate Governance Committee, effective 1 July 2023; (2) Mr. Leong Kwok-kuen, Lincoln JP has been appointed as independent non-executive Director, Chairman of the Audit Committee, member of the Remuneration Committee, member of the Nomination Committee, and member of the Corporate Governance Committee, effective 1 July 2023; and (3) Ms. Qin Hong has been appointed as an independent non-executive Director, Chair of the Corporate Governance Committee, member of the Audit Committee and member of the Remuneration Committee, effective upon completion of the Relevant Process. Frank Chan Fan, 65 years old, currently a Hong Kong delegate to the National People’s Congress, Vice President of the Hong Kong Institute of Engineers, member of the court and board of the University of Hong Kong, honorary professor of the Hong Kong University of Education and honorary adviser to the Hong Kong Federation of Electrical and Mechanical Contractors. Chan is the Founding President of the Medical Volunteer Engineering and Services Association and a member of the Advisory Committee on Innovation and Technology for Seniors of the Hong Kong Social Services Council.

Mr. Chan is a Fellow of the Hong Kong Institute of Engineers and an Honorary Fellow of the Institute of Mechanical Engineers, United Kingdom. He received his Bachelor of Science (Engineering) and Master of Business Management degrees from the University of Hong Kong, and Masters in Medical Physics from the University of Aberdeen, United Kingdom. He attended Advanced Management Program at Harvard Business School, Strategic Management of Regulatory and Enforcement Agency at Harvard Kennedy School, National Studies at Tsinghua University and Chinese Academy of Government.

Mr. Leong Kwok-kuen, Lincoln, age 62, is a Certified Accountant and has extensive experience in trading and investment banking. He is the independent non-executive director of SUNeVision Holdings Limited, the independent non-executive director of Link Asset Management Limited (manager of Link Real Estate Investment Trust, the independent non-executive director and chairman of the audit committee of Standard Chartered Bank (Hong Kong) Limited and the non-executive director as well as chairman of the audit committee of Hong Kong Land Holdings Limited (which shares are listed on the Singapore Exchange Limited, London Stock Exchange and Bermuda Stock Exchange. Previously he was an executive director and chief executive officer of MTR Corporation Limited and non-executive director of Jardine Strategic Holdings Limited (delisting ) and Mandarin Oriental International Limited (whose shares are listed on the Singapore Exchange Limited (Share Symbol: M04), London Stock Exchange and Bermuda stock exchange .

Mr Leong is a board member, executive committee member and deputy patron of The Community Chest of Hong Kong, executive committee member of The Hong Kong Housing Society, and member of the board and executive committee of the Hong Kong Management Association. He chairs the Quality Assurance Board of the University Grants Committee. Mr Leong qualified as chartered accountant in England in 1985 and in British Columbia, Canada in 1987.

He is a member of the Chartered Institute of Logistics and Transport in Hong Kong and holds a Bachelor of Arts degree (later a Master of Arts degree) from the University of Cambridge in England. Qin Hong, 60, is an independent non-executive director and member of the Strategy and Investment Committee of Red Star Macalline Group Corporation Ltd., independent director of Beijing Capital Development Co., Ltd., and researcher at Renmin University of China, positions he has held since May 2019. He was an independent non-executive director and a member of the Audit Committee, Nomination Committee and Sustainability Committee of China Resources Mixc Lifestyle Services Limited until 1 July 2023.

Ms. Qin served as independent non-executive director, chairman of the nomination and corporate governance committee, and member of the audit and compensation committee of Fang Holdings Limited from November 2019 to June 2020.