The board of directors of Central China Real Estate Limited announced that Mr. Liu Weixing has resigned as an executive Director for the reason of personal career development, with effect from 25 August 2020. Mr. Liu has confirmed that he has no disagreement with the board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board also announced that Ms. Chen Ying has been appointed as a non-executive Director of the Company with effect from 25 August 2020. Chen Ying has over 24 years of experience in real estate operations and business management.