The board of directors of Vanke Overseas Investment Holding Company Limited announced that, with effect from 26 May 2021, Mr. Chan Chi Yu has resigned as the non-executive Director and ceased to be a member of the Audit Committee of the Company due to his desire to devote more time to his personal commitments; (ii) the office of Mr. Chan Wai Hei, William as an independent non-executive Director, the chairman of the Audit Committee and a member of the Remuneration Committee of the Company was vacated pursuant to Article 106(vi) of the articles of association of the Company in contemplation that he would have served the Company more than 9 years. The Board announced that with effect from 26 May 2021, (i) Ms. Zhou Yue has been appointed as an executive Director; and (ii) Mr. Choi Fan Wai has been appointed as an independent non-executive Director and the chairman of the Audit Committee and a member of the Remuneration Committee. Ms. Zhou Yue, aged 38, has been appointed an executive Director for a term of three years commencing from 26 May 2021. Ms. Zhou Yue is currently the managing director of Vanke Overseas UK Management Limited. Mr. Choi Fan Wai, aged 51, has been appointed as an independent non-executive Director for a term of three years commencing from 26 May 2021 and the chairman of the Audit Committee and a member of the Remuneration Committee. As a result of the Vacation of Office, Mr. Chan Wai Hei, William has ceased to act as the chairman of the Audit Committee and a member of the Remuneration Committee and Mr. Choi Fan Wai will act as the chairman of the Audit Committee and a member of the Remuneration Committee with effect from 26 May 2021. As a result of the resignation of Mr. Chan Chi Yu as the non-executive Director, he has ceased to act as a member of the Audit Committee and Mr. Zhang Anzhi, an existing independent non-executive Director, has been appointed as a member of the Audit Committee with effect from 26 May 2021.