Gemdale Properties and Investment Corporation Limited at its annual general meeting held on 21 May 2019, approved to distribute a final dividend of RMB 0.0275 per share (equivalent to HKD 0.03136 per share) for the year ended 31 December 2018 payable on or about 21 June 2019 to the shareholders whose names appear on the register of members of the Company on 6 June 2019.

At the AGM the company approved retirement of Hu Chunyuan as an independent non-executive Director with effect from the conclusion of the AGM and elected Xia Xinping as an independent non-executive Director with effect from the conclusion of the AGM. Accordingly, Mr. Hu ceased to be the chairman and a member of the Audit Committee as well as a member of the Remuneration Committee of the Company with effect from the conclusion of the AGM. Mr. Xia was also appointed as the chairman and a member of the Audit Committee as well as a member of the Remuneration Committee of the Company, all with effect from the conclusion of the AGM.