Sinyi Real Estate (Hong Kong) Announces Board Member Change at Subsidiary Jiuxin Properties (Wuxi) Co., Ltd.

1. Date of Change: 115/07/21

2. Corporate Name: Sinyi Land & Properties (Hong Kong) Limited

3. Former Director's Name: Chen Qinghong

4. Former Director's Background: General Manager of Jiuxin Properties (Wuxi) Co., Ltd.

5. New Director's Name: Xu Hongzhi

6. New Director's Background: Deputy General Manager of Jiuxin Properties (Wuxi) Co., Ltd.

7. Reason for Change: Board reassignment

8. Original Term (e.g., xx/xx/xx to xx/xx/xx): Not applicable

9. Effective Date of New Appointment: 115/07/21

10. Other Matters to be Disclosed: None