The Board of Shanghai Industrial Urban Development Group Limited announced that Mr. Lou Jun (Mr. Lou') has tendered his resignation as an executive Director with effect from 15 July 2024 due to deployment of work arrangement. The Board announced that Ms. Zhou Yadong (Ms. Zhou) has been appointed as an executive Director with effect from 15 July 2024. Ms. Zhou, aged 52, is a director and general manager of Shanghai SIIC Group Finance Co. Ltd. She obtained a Master's degree in Accounting from the Chinese University of Hong Kong and holds the title of economist. Ms. Zhou has nearly 30 years of financial and investment experience, having worked in investment banks in China, and has spent the last 20 years mainly in investment and corporate management work within SIIC. She successively worked in Shanghai SIIC Asset Management Co. Ltd., SIIC Management (Shanghai) Ltd., Shanghai Hu-Ning Expressway (Shanghai Section) Co. Ltd., Shanghai Luqiao Development Co. Ltd., SIIC and SIIC Finance., involving various fields such as asset operation, investment management, expressway development and financial fund management, and possesses extensive industry knowledge and rich management experience. In addition, Ms. Zhou also has extensive experience in IT team building, risk control and management, resource input and output, as well as the introduction and application of new technologies. Ms. Zhou shall hold office until the next annual general meeting of the Company after appointment, at which an ordinary resolution will be proposed to seek shareholders' approval to the proposed re-election of Ms. Zhou as an executive Director. The Board announced that Dr. Chan Ho Wah Terence (Dr. Chan) has been
appointed as an independent non-executive Director of the Company (Independent Non-Executive Director) with effect from 15 July 2024. Dr. Chan, aged 54, holds a Doctor of Philosophy Degree in Economics and a master's degree in Real Estate, and he also possesses professional fellow membership of CPA Australia and Royal Institute of Chartered Surveyors as well as the professional designation of Chartered Financial Analyst and Certified Financial Technologist. Dr. Chan has 30 years of experience in real estate and infrastructure investment and financing and capital operation of listed companies. Dr. Chan is currently the chairman of Bay Area Capital Partners Limited and an Adjunct Professor in the Department of Real Estate and Construction of the University of Hong Kong. Dr. Chan is the chairman of ESG & Sustainable Investment Committee of Hong Kong Independent Non-Executive Director Association, a member of the Mainland Opportunities Committee of Financial Service Development Council, a member of the Greater Bay Area Committee of CPA Australia, and the vice-chairman of the Hong Kong Education University Council. Dr. Chan is a standing committee member of the 14th Shanghai Committee of the Chinese People's Political Consultative Conference. He is also a member of the Chinese Association of Hong Kong & Macao Studies of the State Council, deputy president of the Federation of Hong Kong-Shanghai Associations, the chairman of Shanghai HK Association, and a member of the 2021 Election Committee of the HKSAR. He has been appointed as a member of HKTDC Infrastructure Development Advisory Committee and Vice Chairman of the Security and Guarding Services Industry Authority of the Security Bureau since 2022. Dr. Chan is currently an independent non-executive director, the chairman of the remuneration committee and a member of the audit committee and the nomination committee of Wang On Properties Limited and an independent non-executive director and a member of the audit committee of CASH Financial Services Group Limited.