The board of directors of Vanke Overseas Investment Holding Company Limited (the "Company") announced that, with effect from 23 May 2022, Mr. Lee Kai-Yan has resigned as an executive Director as he would like to devote more time to his other business commitments. Mr. Lee Kai-Yan confirmed that he has no disagreement with the Board and he is not aware of any matter in relation to his resignation that should be brought to the attention of shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that with effect from 23 May 2022, Mr. Ding Changfeng ("Mr. Ding") has been appointed as an executive Director.

Mr. Ding, joined China Vanke Co., Ltd, in 1992. In January 2000, he was appointed as the general manager of Shanghai Vanke Company Limited and became the Vice President of China Vanke in 2001. Since November 2020, he has been serving as a non-executive and non-independent director of Banyan Tree Holdings Limited, the shares of which are listed on the Singapore Stock Exchange.