The board of directors of Kaisa Prosperity Holdings Limited announced that Ms. Guo Li tendered her resignation as an executive Director with effect from 16 September 2022. Also The Board is pleased to announced that Ms. Mu Zhaohui has been appointed as an executive Director of the Company with effect from 16 September 2022. Ms. Mu Zhaohui, aged 47, is currently a vice president of Kaisa Group Holdings Limited. Ms. Mu joined Kaisa Group in February 2011 and successively served as the Shenzhen group vice president, the Guangzhou regional executive vice president and president, the vice president and executive vice president of the capital investment group, the executive vice president of the new business group and the president of the cost management department. Before joining the Kaisa Group, Ms. Mu worked at Excellence Group and Huizhou Fangzhi Group. Ms.