Central China Management Company Limited announced that, with effect from 9 January 2023: Mr. Chen Aiguo, and Mr. Duan Juwe have been appointed as executive Directors of the Company, while Mr. Ma Xiaoteng has resigned as an executive Director of the Company. Mr. Chen, aged 43, has been appointed as an executive Director of the Company on 9 January 2023. Mr. Chen had over 15 years of experience in real estate enterprises management.

Before joining the Group, Mr. Chen served as the general manager of Anyang Zengtai Materials Co. Ltd. from March 2005 to December 2007. From January 2008 to November 2010, Mr. Chen served as the chairman of the board of directors of Anyang Duolun Mining Co.

Ltd. Mr. Chen has been working as the chairman of the board of directors of Henan Duolun Real Estate Development Co. Ltd. since December 2010, and a director of Anyang Jianye City Development Co. Ltd. since April 2013.

Mr. Chen graduated from the School of Economics and Management of Henan University in June 1999, majoring in economic management. Mr. Duan, aged 39, has been appointed as an executive Director of the Company on 9 January 2023. Mr. Duan had over 12 years of experience in real estate enterprises management.

Before joining the Group, Mr. Duan served as the chairman of Dancheng Yinghe Real Estate Co. Ltd. since May 2010. In 2014, Mr. Duan founded Henan Jujia Weiye Industrial Development Co.

Ltd.in which he served as the general manager since September 2014. In 2015, he founded the four-star Dancheng Vienna International Hotel, in which he served as the chairman since July 2015. Since July 2016, Mr. Duan served as the general manager of Fugou Jianyecheng Real Estate Co.

Ltd. Mr. Duan served as the general manager of Huaiyang Junyang Real Estate Co. Ltd. since December 2018. In 2019, Mr. Duan founded Henan Jinhong Construction Co.

Ltd., where he served as the chairman since July 2019. Since July 2019, Mr. Duan served as the general manager of Henan Hanrun Real Estate Co. Ltd. Since September 2019, Mr. Duan served as the general manager of Xinxiang Shengtang Real Estate Co.

Ltd. Since December 2019, Mr. Duan served as the general manager of Qixian Guiyuan Real Estate Co. Ltd. Since September 2020, Mr. Duan served as the chairman of Jude Holding Group (Henan) Co. Ltd. Mr. Duan founded Fugou Yingbinfu Real Estate Co.

Ltd.in 2021 and served as its general manager since February 2021. Mr. Duan graduated from the Correspondence Institute of the Party School of the Central Committee of CPC in the PRC in December 2008, majoring in economic management.