China South City Holdings Limited announced director appointments. The company appointed Ms. Li Aihua as a Non-Executive Director of the Company; Ms. Deng Jin as a Non-Executive Director of the Company; and Dr. Li Xu as an Independent Non-Executive Director and a member of each of the nomination committee and the remuneration committee of the Company. Ms. Li Aihua, aged 35, has been appointed as a Non-Executive Director of the Company.

Ms. Li is primarily responsible for advising on the formulation of the Group's general business models, development strategies and the resolution of major issues. Ms. Li is currently the director of the financial management department of Shenzhen SEZ Construction and Development Group Co. Ltd. and the supervisor of Shenzhen Special Zone Construction & Development Group, Marine Industry Development Co.

Ltd. and Shenzhen Marine Expo Co. Ltd. Ms. Li previously served as the deputy director of the financial management department of SZCDG and the director of the financial management department of Shenzhen Special Zone Construction & Development Group, Marine Industry Development Co. Ltd. Ms. Li obtained a Bachelor of Management from the Shenzhen University with a major in Accounting in 2009, and obtained a Master of Science in Real Estate from the University of Greenwich in 2016.

Ms. Li has entered into an appointment letter with the Company as a Non-Executive Director of the Company with a three-year term with effect from 16 May 2023. She shall hold office until the next annual general meeting of the Company, and be eligible for re-election at such annual general meeting pursuant to the Company's Articles of Association. Ms. Li will not receive any director's remuneration from the Company.

Ms. Deng Jin, aged 32, has been appointed as a Non-Executive Director of the Company. Ms. Deng is primarily responsible for advising on the formulation of the Group's general business models, development strategies and the resolution of major issues. Ms. Deng currently serves as the deputy director of the strategy and investment department of SZCDG and a director of Shenzhen Infrastructure Investment Fund Management Co.

Ltd. Ms. Deng obtained a Bachelor of Economics from Northwest University in Xian City, the People's Republic of China in 2010 with a major in Finance, and obtained a Master of Science in Management from Case Western Reserve University in 2011. Ms. Deng has entered into an appointment letter with the Company as a Non-Executive Director of the Company with a three-year term with effect from 16 May 2023. She shall hold office until the next annual general meeting of the Company, and be eligible for re-election at such annual general meeting pursuant to the Company's Articles of Association.

Ms. Deng will not receive any director's remuneration from the Company. Dr. Li Xu, aged 48, has been appointed as an Independent Non-Executive Director and a member of each of the Nomination Committee and the Remuneration Committee of the Company. He obtained a Bachelor of Economics with a major in International Business Administration from the University of International Business and Economics in 1997.

He obtained his Master's degree in Finance from Boston College in 1998 and his Doctor of Philosophy (in Accounting) from Massachusetts Institute of Technology in 2004. Dr. Li joined the School of Business of The University of Hong Kong as an Associate Professor in Accounting in July 2012 and he teaches accounting and finance related courses and conducts related research there since then. Currently Dr. Li also serves as the Programme Director of the Executive Master of Business Administration (EMBA) Programme offered by the School of Business, HKU.

Before joining HKU, Dr. Li worked as an Assistant Professor in Lehigh University from August 2010 to June 2012 and The University of Texas at Dallas from July 2004 to August 2010, respectively. In 1999, he worked as an associate manager in Lucent Technologies Inc., a strategic information technology consulting firm, where he was primarily responsible for conducting financial analysis. Dr. Li has obtained the Certified Financial Analyst (CFA) qualification from the Association for Investment Management and Research in October 2003.

Dr. Li is currently an independent non-executive director of China Tianbao Group Development Company Limited, the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited, China Kangda Food Company Limited, the shares of which are primarily listed on the Main Board of The Hong Kong Stock Exchange and secondarily listed on the Singapore Exchange Securities Trading Limited and Pizu Group Holdings Limited, the shares of which are listed on GEM of The Hong Kong Stock Exchange Dr. Li has entered into an appointment letter with the Company as an Independent Non-Executive Director of the Company with a three-year term with effect from 16 May 2023. He shall hold office until the next annual general meeting of the Company, and be eligible for re-election at such annual general meeting pursuant to the Company's Articles of Association. Dr. Li will receive director's remuneration of HKD 380,000 per annum from the Company, which was determined with reference to his qualification and experience, duties and responsibilities with the Company, the Company's performance and prevailing market situations.