Guangzhou R&F Properties Co., Ltd. (R&F Properties) has disclosed a forthcoming leadership transition and related committee adjustments scheduled to take effect following the company’s annual general meeting (AGM) on 29 May 2026.

Mr. Zheng Ercheng will step down as Independent Non-executive Director (INED) at the conclusion of the AGM, citing increased external commitments. His departure will also end his roles on three board committees: Audit (member), Remuneration (chairman and member) and Nomination (member).

The Board has proposed appointing Mr. Chow Oi Wah, Fergus—aged 69, a member of the Hong Kong Institute of Certified Public Accountants and former financial controller of R&F Properties (2005-2015)—as an INED, subject to shareholder approval at the AGM. Upon approval, Mr. Chow will sign a three-year service contract commencing 29 May 2026, receive an annual director’s fee of HK$0.37 million, and be subject to rotation and re-election in line with the company’s articles of association. Mr. Chow has confirmed compliance with all independence criteria under Listing Rules 3.13 and holds no interests in the company’s shares.

Contingent on these changes, committee compositions will be as follows: • Audit Committee – Chairman: Mr. Wong Chun Bong (INED); Members: Ms. Li Helen (Non-executive Director) and Mr. Chow. • Remuneration Committee – Chairman: Mr. Ng Yau Wah, Daniel (INED); Members: Dr. Li Sze Lim (Executive Director & Board Chairman) and Mr. Chow. • Nomination Committee – Chairman: Dr. Li Sze Lim; Members: Ms. Li Helen, Mr. Ng Yau Wah, Daniel, Mr. Wong Chun Bong and Mr. Chow.

No disagreements with the Board or issues requiring shareholder attention were reported in connection with Mr. Zheng’s resignation. Detailed resolutions on Mr. Chow’s appointment will be included in the AGM circular to be dispatched on or before 30 April 2026.