Insider from CHINA RES LAND: Personnel adjustments in wholly-owned subsidiaries do not involve the listed company

China Resources Land Holdings Limited announced today that Mr. Xu Rong has been appointed as the chairman of the company, and Mr. Zhao Wei has been appointed as a director, chief financial officer, and head of information disclosure affairs. Mr. Li Xin will no longer serve as the chairman, and Mr. Guo Shiqing will no longer serve as a director, chief financial officer, and head of information disclosure affairs. Subsequently, a relevant person from China Resources Land Limited introduced to reporters that "Land Holdings" is a wholly-owned subsidiary of "China Resources Land" in the mainland, registered in Shenzhen, and is responsible for functions such as bond issuance in the mainland. The board changes at "Land Holdings" were made in accordance with the company's articles of association, decided by shareholders and resolved by the board of directors, and the announcement was also made in accordance with the relevant regulations for bond issuance supervision in the mainland. The aforementioned personnel changes at "Land Holdings" do not involve the listed company "China Resources Land." "Some media interpretations are incorrect, and we hereby clarify," the person stated