The board of directors of Central China Real Estate Limited announced that Mr. Wang Jun had resigned as an executive director and Mr. Lim Ming Yan and Ms. Chen Ying had resigned as Directors in order to pursue other personal developments, with effect from 1 August 2022. Mr. Wang, Mr. Lim and Ms. Chen have confirmed that they have no disagreement with the Board and there is no matter relating to their resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange of Hong Kong Limited. The Board would like to take this opportunity to express its sincere gratitude to the Resigning Directors for his valuable contributions to the Company during their tenure of office.

The Board announced that Mr. Deng Gaoqiang ("Mr. Deng") and Mr. Shi Song ("Mr. Shi") has been appointed as a non-executive Director of the Company with effect from 1 August 2022. Biographical details of Mr. Deng and Mr. Shi are set out as follows: Mr. Deng Gaoqiang, Non-executive Director. Deng Gaoqiang, aged 49, graduated from the Department of Finance of Henan University of Finance and Economics in June 1995, majoring in investment management, with a bachelor's degree and a bachelor ' s degree in economics.

In October 1995, he worked in Henan Engineering Consulting Company. From July 2011 to January 2021, he worked in Henan Railway Investment Co. Ltd. as the deputy director and director of the company's general office.

Since February 2021, he has been working in Henan Tongsheng Zhiye Co. Ltd., a subsidiary of Henan Railway Construction & Investment Group Co. Ltd., as the secretary of the party committee and chairman of the board.

Mr. Shi Song, Non-executive Director. Shi Song, aged 42, graduated from Heilongjiang Engineering College in July 2001 with a major in Project Cost, graduated from Heilongjiang Engineering College in July 2004 with a bachelor ' s degree in civil engineering, and graduated from Xi ' an Jiaotong University in June 2009 with a project Master of Management, graduated from Changsha University of Science and Technology in June 2022, obtained a doctorate degree in road and railway engineering, and is a senior engineer. Currently, he is the general manager of the investment management department of Henan Railway Construction Investment Group Co.

Ltd., director of Henan Tongsheng Zhiye Co. Ltd., and General Manager of Henan Railway Construction Investment Comprehensive Development Co. Ltd. He successively served as chief engineer and deputy general manager of Zhengzhou Communications Construction Investment Co.

Ltd., general manager of Pingdingshan Development Investment Holding Group Co. Ltd., and general manager of Xuchang Construction Investment Co. Ltd. He has rich experience in urban investment company operation, enterprise management, investment and financing, transportation, municipal administration, housing construction and other infrastructure construction.

The Board announced that Dr. Sun Yuyang, an existing independent non-executive Director of the Company, and Mr. Deng Gaoqiang, have been appointed as members of the remuneration committee of the Company with effect from 1 August 2022. The Board hereby announces that Mr. Wang has resigned as the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") with effect from 1 August 2022. The Board announced that Ms. Wu Wallis (alias Li Hua) has been appointed as the authorised representative of the Company with effect from 1 August 2022.