Shimao Group Holdings Limited announced that Mr. Ye Mingjie has resigned as a Non-executive Director of the Company with effect from 26 April 2024 to pursue his career development and devote more time to his personal commitments as well as family. Mr. Shao Liang has been appointed as a Non-executive Director of the Company with effect from 26 April 2024. Mr. Shao, aged 46, is currently the group vice president and head of production and operation management center of the Group, responsible for the overall management of the Group's production operation, and is appointed as an executive director and the president of Shimao Services Holdings Limited ("Shimao Services"), a 62.87%-owned subsidiary of the Company listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), on 26 April 2024.

Mr. Shao obtained a bachelor's degree in economic management in 2001 and joined the Group in the same year, and successively served as an assistant president, the head of sales management center and controller of the regional sales of the Group, accumulating over 23 years of experience in sales and operation management. As at the date of this announcement, the Board of the Company comprises four Executive Directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman and President), Ms. Tang Fei and Mr. Xie Kun; one Non-executive Director, namely, Mr. Shao Liang; and three Independent Non-executive Directors, namely, Mr. Lyu Hong Bing, Mr. Lam Ching Kam and Mr. Fung Tze Wa.