POLY PROPERTY (00119) has announced that Mr. Zhang Yi has resigned from his positions as a Non-Executive Director and as a member of the Audit Committee and Remuneration Committee, having reached retirement age. Additionally, to comply with the Hong Kong Stock Exchange's regulations regarding the tenure of long-serving independent non-executive directors exceeding nine years, Ms. Leung Sau Fan has resigned from her roles as an Independent Non-Executive Director, Chairman of the Audit Committee, and member of the Remuneration and Nomination Committees. Mr. Wong Ka Lun has resigned from his positions as an Independent Non-Executive Director, Chairman of the Remuneration Committee, and member of the Audit and Nomination Committees. The resignations of these directors will take effect from May 18, 2026.

The Board further announces that, in accordance with Article 107 of the Company's Articles of Association, Ms. Lam Sau Fung and Ms. Zang Yunzhi have been appointed as Independent Non-Executive Directors to fill the casual vacancies created by the resignations of Ms. Leung and Mr. Wong. Ms. Lam Sau Fung has been appointed as the Chairman of the Audit Committee, while Ms. Zang Yunzhi has been appointed as a member of the Audit Committee. Mr. Fung Chi Kin has been appointed as the Chairman of the Remuneration Committee, with Ms. Lam Sau Fung and Ms. Zang Yunzhi appointed as members of that committee. Both Ms. Lam Sau Fung and Ms. Zang Yunzhi have also been appointed as members of the Nomination Committee.