Country Garden's Announcement: Yang Huiyan continues to serve as the chairman and non-executive director of the company.

Country Garden Services announcement in Hong Kong, due to Country Garden Holdings' failure to timely disclose several instances of debt default in accordance with the relevant rules of the Stock Exchange, the Stock Exchange has decided to impose self-regulatory measures on Country Garden Holdings, the executive director and chairman of Country Garden Holdings, Ms. Yang Huiyan, and other named individuals, and to give a notice of criticism to Country Garden Holdings and these individuals, which will be recorded in their integrity files. The Board of Directors of this company has inquired with Ms. Yang and reviewed the "Decision". According to Country Garden Holdings' announcement, as the violations were due to objective reasons and not because of negligence on the part of the individuals, the Board of Directors sees no reason to doubt Ms. Yang's integrity and ability, and therefore believes it is appropriate for Ms. Yang to continue serving as the chairman and non-executive director of the company.