Kaisa Prosperity Holdings Limited announced Ms. Mou Zhaohui has tendered her resignation as chief executive officer with effect from 20 May 2024 in order to allow herself more time to devote to her other personal endeavours. Ms. Mou will remain as an executive Director. Mr. Liao Chuanqiang has been appointed as the chief executive officer of the Company with effect from 20 May 2024.

Mr. Liao Chuanqiang, aged 44, is an executive Director of the Company, and the key decision maker of the Group. He is responsible for the management and business development of the Group, formulation and implementation of long-term strategies, including acquisition plans and corporate finance as well as the overall strategic planning, corporate management and business development of the Group. Mr. Liao joined the Group in October 2013 and has served in various positions in the Group, including chairman, president, standing vice president and assistant to the general manager of the Group and the vice general manager of Kaisa Leju Property Development Co.

Ltd. Mr. Liao has over 21 years of management experience in property management. Prior to joining the Group, Mr. Liao served in various positions in different leading real estate companies in China from 2002 to 2013, including the property management manager of Wuhan Guotou Property Development Co. Ltd., the manager of the property department of Shenzhen Lask JV Property Management Co.

Ltd., the assistant to general manager of the property management department of Mingliu Investment Group (a property developer) and the vice general manager of Wanda Commercial Properties Co. Ltd. Mr. Liao graduated from Hubei University, where he obtained a bachelor's degree of administrative management in June 2002.