Guangzhou R&F Properties Co., Ltd. — Board/Management Information 2021

Nov 5, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock code: 2777)

RESIGNATION OF SUPERVISOR AND PROPOSED APPOINTMENT OF SUPERVISOR

Resignation of Supervisor

The board of directors (the “ Board ”) of Guangzhou R&F Properties Co., Ltd. (the “ Company ”) announces that Ms. Liang Yingmei (“ Ms. Liang ”) will resign as a supervisor representing shareholders of the Company due to her retirement. Her resignation will be effective when the new supervisor is elected by the shareholders of the Company (the “ Shareholders ”) at the extraordinary general meeting of the Company to be held on 3 December 2021 (the “ EGM ”).

Ms. Liang has confirmed that she has no disagreement with the Board and the supervisory committee of the Company (the “ Supervisory Committee ”) and that there is no other matters relating to her resignation that need to be brought to the attention of the Shareholders.

The Board and the Supervisory Committee would like to express its sincere gratitude to Ms. Liang for her valuation contributions to the Company during her tenure of service.

Proposed Appointment of Supervisor

The Board is pleased to announce that Mr. Zhang Yucong (“ Mr. Zhang ”) has been proposed by the Supervisory Committee to be appointed as a supervisor representing shareholders of the Company. The appointment of Mr. Zhang is subject to approval by the Shareholders at the EGM.

Mr. Zhang, aged 63, obtained a vocational college's degree in industrial accounting from Guangzhou Аmаtеur Fіnаnсе Соllеgе in Осtоbеr 1984. Не wаѕ conferred as a senior economist by China Construction Bank in December 1997. Prior to November 2001, Mr. Zhang consecutively worked in China Construction Bank with his last position as the deputy director in China Construction Bank (Guangzhou branch) and China Cinda Asset Management Co., Ltd. (中 國信達資產管理股份有限公司) (Guangzhou office) as the deputy officer. From November 2001 to March 2004, he worked as deputy general manager in the Company, a vice chairman in Beijing R&F Properties Development Co., Ltd. (北京富力城房地產開發有限公司) and a vice chairman

in R&F (Beijing) Properties Development Co., Ltd. (富力(北京)地產開發有限公司). From June 2004 to August 2010, he worked as the chairman in Guangzhou Fuxing Investment Co., Ltd. (廣 州市富興投資有限公司) and a general manager in Guangzhou Yinxiang Guarantee Co., Ltd. (廣 州市銀翔擔保有限公司). From August 2010 to August 2014, he worked as a deputy general ， manager in Cinda Real Estate Co., Ltd. (信達地產股份有限公司) a real estate company whose shares are listed in the Shanghai Stock Exchange (stock code: 600657). From June 2014 to April 2016, he worked as a deputy general manager in Cinda Real Estate Co., Ltd. (信達地產股份有限 ， 公司) an executive director in Guangzhou Cinda Property Investment Co., Ltd. (廣州信達置業 投資有限公司) and an executive director in Shenzhen Cinda Real Estate Co., Ltd. (深圳信達置 業有限公司).

The Company will enter into a service contract with Mr. Zhang for a term commencing from his date of appointment to the 2023 annual general meeting of the Company. Mr. Zhang will be paid an annual supervisor’s fee of RMB72,000, which was determined on the basis of his experience, duties and responsibilities with the Company and the Company’s remuneration policy.

Mr. Zhang has not been a director of any other listed company within the last three years or held any other position in the Company or its subsidiaries. Mr. Zhang did not have any relationships with any directors, supervisors, senior management, substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Zhang did not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, there are no other matter relating to the appointment of Mr. Zhang as a supervisor that need to be brought to the attention of the Shareholders and there is no information which is required to be disclosed pursuant to any of the requirements set out in Rule 13.51(2)(h) to (v) of the Rules Governing of Listing of Securities on The Stock Exchange of Hong Kong Limited.

According to the articles of association of the Company, the appointment of the proposed supervisor is subject to the approval of the Shareholders by way of ordinary resolutions at a general meeting. A circular containing, among others, details of the relevant resolutions in relation to the proposed appointment of Mr. Zhang as a supervisor and the notice for convening the extraordinary general meeting will be despatched to the Shareholders on or before 11 November 2021.

By Order of the Board Guangzhou R&F Properties Co., Ltd. Li Sze Lim Chairman

5 November 2021, Hong Kong

As at the date of this announcement, the executive directors of the Company are Dr. Li Sze Lim, Mr. Zhang Li, Mr. Zhou Yaonan and Mr. Zhang Hui; the non-executive directors are Ms. Zhang Lin and Ms. Li Helen; and the independent non-executive directors are Mr. Zheng Ercheng, Mr. Ng Yau Wah, Daniel and Mr. Wong Chun Bong.

* For identification purpose only

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