The board (the "Board") of directors (the "Directors") of Central China Real Estate Limited announced that Mr. Yeung Wai Leung ("Mr. Yeung") has resigned as the Company's financial controller, company secretary and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") with effect from 3 May 2022. Mr. Yeung confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attentions of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Mr. Yu Chi Kit ("Mr. Yu") has been appointed as the financial controller, company secretary and an Authorised Representative of the Company with effect from 3 May 2022.

Mr. Yu has extensive experience in accounting, auditing and company secretarial practice in Hong Kong.