The board of directors of Sino Harbour Holdings Group Limited announced that with effect from 22 May 2020, Mr. Shi Feng, currently the chief executive officer of the Company and the deputy chairman of the Board and an executive Director will resign as the Chief Executive Officer owing to his intention to focus on his duties and responsibilities as a Director, but will remain as the Deputy Chairman and an Executive Director. The Board also announced that with effect from 22 May 2020, Mr. Wong Lam Ping, currently the chairman of the Board and an Executive Director, will be appointed as the Chief Executive Officer and the general manager of the Company. Mr. Wong has over 30 years of property development experience since he established Pan Hong Co.

Ltd. in 1983. Mr. Wong has been the Chairman and an Executive Director since 1 April 2020. He was an executive director and chairman of the board of directors of Pan Hong Holdings Group Ltd., a sister company of the Company from 3 January 2006 to 31 March 2020.