The Board of Desun Real Estate Investment Services Group Co., Ltd. hereby announced that Ms. Xiong Jianqiu has tendered her resignation as the chief financial officer of the Company with effect from 30 August 2023 in order to devote more time to her other work commitments within the Group. After her resignation as the Chief Financial Officer, Ms. Xiong will remain as an executive Director. Ms. Xiong has confirmed to the Board that she has no disagreement with the Board and there are no other matters relating to her resignation as the Chief Financial Officer that needs to be brought to the attention of the Shareholders or the Stock Exchange.

The Board further announced that with effect from 30 August 2023, Mr. Yang Wen has been appointed as the Chief Financial Officer. The biographical details of Mr. Yang are as follows: Mr. Yang Wen, aged 40, joined the Company in April 2021 as the deputy director of the financial management center of the Company, at which he is responsible for the overall financial affairs of the Company. Prior to joining the Company, Mr. Yang served as a chief financial officer of the proposed listing segment of USUNHOME Group Co., Ltd., a company which is principally engaged in cultural tourism and creative industries, from January 2017 to December 2020.

Mr. Yang was responsible for the financial matters related to listing. From August 2009 to December 2016, Mr. Yang worked at Honghua Group Co., Ltd. He served on various positions including the assistant of the group's chief financial officer which he was responsible for the company's group financing, credit granting, capital management and financial budgeting. Mr. Yang worked as a manager of the internal audit department of Sime Darby Berhad from January 2009 to July 2009.

Mr. Yang also worked at KPMG in China from August 2006 to November 2008, where he served on various positions among which his last position was assistant manager. Mr. Yang obtained a bachelor's degree in accounting management and minor in transportation and logistics economics from the University of International Business and Economics. Mr. Yang is a certified public accountant and holds the qualification certificate for serving as the secretary to the board of directors issued by the Shenzhen Stock Exchange.