The board of directors of Poly Property Group Co., Limited announced that Mr. Han Qingtao, being advanced in retirement age, has decided to retire as Vice-Chairman of the Board and Executive Director of the Company with effect from 25 February 2021. Mr. Hang Qingtao has confirmed that he has no disagreement with the Board and there are no other matters concerning the aforesaid retirement that need to be brought to the attention of the shareholders of the Company nor any information required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.