The board (the "Board") of directors (the "Directors") of Glory Sun Land Group Limited and its subsidiaries (collectively, the "Group") announces that: Mr. Yao Jianhui ("Mr. Yao") has tendered his resignation as an executive director of the Company (the "Executive Director") 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 "Stock Exchange") (the "Listing Rules") (the "Authorised Representative") with effect from 19 June 2024 due to his other business commitments which require more of his time and dedication. Following Mr. Yao's resignation as an Executive Director with effect from 19 June 2024, he has also ceased to be the Chairman of the Board (the "Chairman"), the chairman of each of the development committee of the Company (the "Development Committee"), the investment committee of the Company (the "Investment Committee") and the risk management committee of the Company (the "Risk Management Committee"), and a member of the nomination committee of the Company (the "Nomination Committee") and the salary review committee of the Company (the "Salary Review Committee"). Ms. Xia Lingjie ("Ms. Xia") has resigned as an Executive Director and the chief executive officer of the Company (the "Chief Executive Officer") with effect from 19 June 2024 due to her adjustment in work allocation. Following Ms. Xia's resignation as an Executive Director with effect from 19 June 2024, she has also ceased to be a member of each of the Development Committee, the Investment Committee and the Risk Management Committee. The Board further announces that Mr. John Edward Hunt ("Mr. Hunt") and Mr. Fong Ching Kong ("Mr. Fong") have been appointed as the Executive Directors with effect from 19 June 2024 as follows: Mr. Hunt has been appointed as an Executive Director and the Chairman, one of the Authorised Representatives, and a member of each of the Nomination Committee, the Salary Review Committee, the Development Committee, the Investment Committee and the Risk Management Committee. Mr. Fong has been appointed as an Executive Director and the chairman of each of the Development Committee, the Investment Committee and the Risk Management Committee. Mr. Hunt, aged 57, holds a bachelor's degree from the Queensland University of Technology in Brisbane, Australia. As a member of several prestigious professional organisations, including the Institute of Engineers Australia, the Project Management Institute, and the Asset Management Council, Mr. Hunt stays abreast of the latest trends and best practices in his industry. With a wealth
of experience, Mr. Hunt currently serves as an Engineering Delivery Manager at Metro South Hospital and Health Service. As a seasoned business leader, Mr. Hunt possesses a profound understanding of finance and strategic planning, which has led to a proven track record of successfully delivering engineering projects. Mr. Fong, aged 58, has been appointed as the Chief Financial Officer and the company secretary of the Company (the "Company Secretary") since 20 January 2017. Mr. Fong holds a Master degree of Business Administration. He is an associate member of the Hong Kong Institute of Certified Public Accountants and a fellow member of each of the Association of Chartered Certified Accountants, the Hong Kong Chartered Governance Institute, the Chartered Governance Institute, and the Taxation Institute of Hong Kong. Mr. Fong has over 30 years of experience in professional accounting, financial management, tax, and company secretary. Prior to joining the Company, he served as the financial controller, company secretary and authorised representative of a company listed on the Main
Board of the Stock Exchange. The Board further announces that with effect from 19 June 2024: Mr. Yao has ceased to act as an Authorised Representative; and Mr. Hunt has been appointed as an Authorised Representative to fill the vacancy of Mr. Yao. Following the resignation of Mr. Yao and Ms. Xia, together with the appointment of Mr. Hunt and Mr. Fong with effect from 19 June 2024, the composition of the following board committees has been changed as follow: In respect of the Nomination Committee, Mr. Hunt has replaced Mr. Yao as the member while Mr. Yao has ceased to be a member; In respect of the Salary Review Committee, Mr. Hunt has replaced Mr. Yao as the member while Mr. Yao has ceased to be a member; In respect of the Development Committee, Mr. Fong has replaced Mr. Yao as the chairman and both Mr. Hunt and Ms. Zhan Yushan were appointed as the members while Mr. Yao has ceased to be the chairman and Ms. Xia has ceased to be a member; In respect of the Investment Committee, Mr. Fong has replaced Mr. Yao as the chairman and Mr. Hunt was appointed as the member while Mr. Yao has ceased to be the chairman and Ms. Xia has ceased to be a member; andIn respect of the Risk Management Committee, Mr. Fong has replaced Mr. Yao as the chairman and Mr. Hunt was appointed as the member while Mr. Yao has ceased to be the chairman and
Ms. Xia has ceased to be a member.