The board of Central China New Life Limited announced that, with effect from 3 February 2023, Mr. Shi Shushan has been appointed as an executive Director of the Company, while Mr. Wang Qian has resigned as an executive Director of the Company. Mr. Wang has resigned as an executive Director of the Company with effect from 3 February 2023, in order to devote more time to his other business commitments. The Board also announced that Mr. Shi has been appointed as an executive Director of the Company with effect from 3 February 2023.

Mr. Shi, aged 50, was appointed as the chief executive officer of the Company on 14 February 2022, and was appointed as an executive Director on 3 February 2023. Mr. Shi has over 25 years of experience in sales and marketing, customer relations, property development, property management and business operations. Since Mr. Shi joined Central China Real Estate Limited in February 2004, he has served various managerial positions in the CCRE Group.

Between February 2004 and November 2004, Mr. Shi served as a manager of demand survey department of the customer relations centre of the CCRE Group. Between December 2004 and May 2005, Mr. Shi served as a manager of the management department of East and South Henan region. Between June 2005 and February 2009, Mr. Shi served as the general manager of Zhumadian regional office.

Between March 2009 and January 2010, Mr. Shi served as the executive vice president of the CCRE Group and the general manager of product management centre. Since February 2010, Mr. Shi served as the vice president of the CCRE Group and the general manager of various regional head offices such as Zhengzhou region, Luoyang region and western region. Through these positions, Mr. Shi acquired substantial experience and expertise in the real estate industry and demonstrated strong leadership skill.

Prior to this, Mr. Shi spent nearly a decade serving as an engineer in a hydraulic equipment company in Zhengzhou. Mr. Shi obtained his bachelor's degree in welding technology and equipment from Zhengzhou University of Technology in June 1996 and his master's degree in business administration from Zhengzhou University in June 2004.