Guangdong Land Holdings Limited announced that Mr. LI Yonggang has tendered his resignation as Managing Director of the Company due to the changes in work arrangement with effect from 25 April 2024; and Mr. WANG Jian has been appointed as Managing Director of the Company with effect from 25 April 2024. Mr. WANG Jian, aged 52, has extensive experience in real estate industry in the People's Republic of China (the "PRC"). He obtained a master's degree in architecture from South China University of Technology, the PRC and is a senior engineer.

From 2006 to 2019, he was the deputy general manager of (Poly Developments and Holdings Group Co. Ltd.) and was an executive director and managing director of Poly Property Group Co., Limited, a Hong Kong listed company, from February 2019 to November 2023. Prior to joining the Group, Mr. Wang was the officer of the science and technology information centre of (China Poly Group Corporation Limited).

He is currently a director and the general manager of a subsidiary of the Company.