GR Properties : RESIGNATION OF CHIEF FINANCIAL OFFICER, CHANGE OF COMPANY SECRETARY AND CHANGE OF AUTHORISED REPRESENTATIVE

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GR PROPERTIES LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 108)

RESIGNATION OF CHIEF FINANCIAL OFFICER,

CHANGE OF COMPANY SECRETARY AND CHANGE OF

AUTHORISED REPRESENTATIVE

The board (the "Board") of directors (the "Directors") of GR Properties Limited (the "Company") hereby announces that Ms. Ng Ka Sim, Casina ("Ms. Ng") has resigned as the chief financial officer and company secretary of the Company with effect from 8 November 2019 and she has also ceased to act as 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") due to the pursuing of other career opportunities. Ms. Ng confirmed that she has no disagreement with the Board and that there is no other matter in relation to her resignation which needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.

The Board is pleased to announce that Ms. Lam Yuen Ling Eva ("Ms. Lam") has been appointed as the company secretary of the Company and authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 8 November 2019.

Ms. Lam is a fellow of both The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries and was awarded the Chartered Governance Professional qualification. Ms. Lam has over 20 years of experience in company secretarial services and commercial solutions and is currently a director of BMI LISTED CORPORATE SERVICES LIMITED responsible for supervising the company secretarial teams to provide full range of listed and private company secretarial services to clients. Ms. Lam obtained a Higher Certificate in Company Secretaryship and Administration from the Hong Kong Polytechnic University and was awarded a degree of Master of Science in Corporate Governance and Directorship by the Hong Kong Baptist University. Ms. Lam is currently the company secretary of several companies listed on the Stock Exchange of Hong Kong.

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The Board would like to take this opportunity to thank Ms. Ng for her contribution to the Company during her tenure of service and welcome Ms. Lam on her new appointment.

By Order of the Board

GR Properties Limited

Wei Chunxian

Chairman

Hong Kong, 8 November 2019

As at the date of this announcement, the executive Directors are Mr. Wei Chunxian, Mr. Sun Zhongmin, Ms. Liu Shuhua, Mr. Guo Jingsheng, Ms. Huang Fei and Ms. Li Bing; and the independent non-executive Directors are Mr. Tung Woon Cheung Eric, Ms. To Tsz Wan Vivien and Mr. Au Yeung Po Fung.

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