Central China Real Estate Limited announced that Mr. Yuan Xujun has notified the Board that he will resign as chief executive officer with effect from 31 March 2021, but will continue to serve the company as an executive Director, focusing on the development strategies of the Group. Mr. Yuan has confirmed that he has no disagreement with the company or the Board and there are no other matters relating to his resignation as chief executive officer that need to be brought to the attention of the shareholders of the company. Mr. Wang Jun has been appointed as the chief executive officer with effect from 31 March 2021. Mr. Wang, aged 40, currently serves as an executive Director of the company.