Country Garden Services Holdings Company Limited announces that Mr. LI Changjiang has resigned from his position as an executive director, the president, the authorised representative as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, a chairman of the environmental, social and governance committee and the agent for the service of process in Hong Kong of the Company in order to devote more time to his family, children's education and other personal affairs, with effect from 10 October 2023. The Company has decided to engage Mr. LI as its consultant due to his extensive management experience and expertise. Mr. LI will continue to make suggestions and contributions to the development of the Company.

The Board announced that Mr. XU Binhuai has been appointed as an executive director, the president, the Authorised Representative, a chairman of the environmental, social and governance committee and the agent for the service of process in Hong Kong of the Company with effect from 10 October 2023. The biographical details of Mr. XU are as follows: Mr. XU Binhuai, aged 44, was appointed as an executive director, the president, the Authorised Representative, a chairman of the environmental, social and governance committee and the agent for the service of process in Hong Kong of the Company on 10 October 2023 and is primarily responsible for the overall strategic decision-making, business planning and major operational decision-making of the Group. Mr. XU was appointed as the vice president and the chief strategy officer of the Company successively from October 2016 to October 2023 and was primarily responsible for business innovation strategic planning, operation management, digital management, intelligent manufacturing and community life service business operation.

Mr. XU has also been directors and managers of certain member companies of the Group. Prior to joining the Group, Mr. XU served in various positions in marketing at DHL- SINOTRANS International Air Courier Ltd. including as manager of sales performance team and regional sales and marketing planning manager, where he was mainly responsible for sales planning and performance management from November 2004 to February 2010. He served as the head of marketing department of North Asia region at American President Lines (China) Co.

Ltd., a logistics company, where he was mainly responsible for marketing and sales management in North Asia region from March 2010 to October 2012. He served as a senior project manager at Roland Berger Strategy Consultants (Shanghai) Company Limited, where he was in charge of providing business consulting services to transportation, logistics, tourism, public service sectors and other sectors from November 2012 to February 2016. Mr. XU joined the Country Garden Holdings Company Limited as the deputy general manager of the corporate strategy office in March 2016 and was mainly responsible for strategic planning of new business lines until September 2016.

Mr. XU graduated from Fudan University in July 2002, where he obtained a bachelor degree in macromolecular material and engineering. He graduated from the University of Hong Kong in November 2016, where he obtained a master degree in business administration. Save as disclosed above, Mr. XU does not hold any other positions with the Company or other members of the Group, and has not held any directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas.

He does not have any relationship with any other Directors, senior management, substantial shareholders or controlling shareholders (as defined in the Listing Rules) of the Company. The Board announced that Mr. HUANG Peng ("Mr. HUANG") has been appointed as the executive president and chief strategy officer of the Company with effect from 10 October 2023. The biographical details of Mr. HUANG are as follows: Mr. HUANG Peng, aged 40, was appointed as the executive president and chief strategy officer of the Company on 10 October 2023.

He has been the chief financial officer since September 2016 and a joint company secretary of the Company since March 2018. Mr. HUANG has also been directors and supervisors of certain member companies of the Group. Prior to joining the Group, from April 2006 to September 2009, Mr. HUANG served as listing office manager and manager of securities department in Vtron Group Co.

Ltd. a company listed on the Shenzhen Stock Exchange, where he was responsible for investor relations and investment management. From October 2009 to December 2015, he served in various positions including as the head of finance, secretary of the board and deputy general manager in Pony Test Group Company Limited, a company listed on the Shenzhen Stock Exchange, where he was responsible for financial management and board secretarial matters. Mr. HUANG served as an independent director of the board at Beijing Arrays Medical Imaging Corporation, a company engaged in production and sales of medical imaging equipment, from December 2015 to December 2016.

Mr. HUANG graduated from Huazhong University of Science and Technology in the PRC in June 2005, where he obtained a bachelor's degree in transportation. He graduated from Guanghua School of Management of Peking University in the PRC with a master's degree in business administration in July 2012. He became a PRC Certified Public Accountant certified by the Certified Public Accountant Examination Committee of the Ministry of Finance in December 2014.

The Board would like to express its warmest welcome to Mr. XU and Mr. HUANG on their new appointments.