China Overseas Grand Oceans Group Limited announced that Mr. Guo Guanghui ("Mr. Guo"), due to his intention to focus and devote more time to his other work commitment, has decided to resign as Non-executive Director of the Company with effect from the conclusion of Board meeting of the Company on 22 April 2024. The Board also announces that, at the recommendation of the Nomination Committee of the Company, Ms. Liu Ping ("Ms. Liu") has been appointed as Non-executive Director of the Company with effect from the conclusion of Board meeting of the Company on 22 April 2024. Ms. Liu, aged 51, graduated from Harbin University of Civil Engineering and Architecture (now known as Harbin Institute of Technology), holder of a master's degree, and is a senior accountant and a non-practising member of The Chinese Institute of Certified Public Accountants. She joined China Overseas Land & Investment Limited ("COLI", listed on the
Stock Exchange with stock code: 688) and its subsidiaries in 2005 and is currently the general manager of the Finance and Treasury Department of COLI and a director of a subsidiary of the Company. Ms. Liu has about 26 years' management experience in corporate finance and accounting.