translated into Yu Development: Hu Zhimin Resigns as Vice President of the Company

On November 21st, Yuying Development announced that the Board of Directors received a written resignation letter from the company's Vice General Manager, Hu Zhimin. Due to work adjustment reasons, Hu Zhimin requested to resign from his position as Vice General Manager of the company. After his resignation, he will still serve as the Chairman of Chongqing Yujia Yi Real Estate Co., Ltd., a subsidiary of the company. According to the relevant provisions of the Company Law and the Company's Articles of Association, Hu Zhimin's resignation letter will take effect upon its delivery to the Board of Directors.