The board of directors (Directors) of Poly Property Services Co., Ltd. considered and approved to propose the removal of all duties of Mr. Wang Peng ("Mr. Wang") in the Company, including his duties as an independent non-executive Director and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company. The Proposed Removal shall take effect upon consideration and approval by shareholders of the Company at the extraordinary general meeting. The Board announced that Mr. Zhang Liqing ("Mr. Zhang") has been nominated by the Board as a candidate for independent non-executive Director of the
Company. His term of office will commence on the date on which the approval from the Shareholders at the EGM is obtained, and end on the date on which the term of office of the second session of the Board expires, subject to the approval by the Shareholders by way of ordinary resolution at the EGM.