The board of directors of Silver Grant International Holdings Group Limited announces that Mr. Chen Yongcun, a co-chief executive officer of the Company has been appointed as an executive Director with effect from 16 September 2022. The biographical details of Mr. Chen are as follows: Mr. Chen, aged 57, was an executive Director during the period from 25 October 2000 to 27 February 2008, and he re-joined the Company on 1 May 2016. Mr. Chen is a Co-CEO and an executive president of the Company, as well as the legal representative, director and general manager of East Gate (Beijing) Property Management Co.

Ltd. (formerly known as Beijing East Gate Development Co. Ltd.) ("East Gate"), a wholly-owned subsidiary of the Company. He is responsible for the Group's property development and investments in mainland China.

Mr. Chen previously worked at China Construction Bank and China Cinda Asset Management Co. Ltd. (a company whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited ("Stock Exchange") (stock codes: 01359 and 04621 (Preference Shares)), which is a substantial shareholder ("Shareholder") of the Company (having the meaning ascribed to it in the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules")) whose interest in the shares ("Shares") of the Company falls to be disclosed to the Company under the provisions of Divisions 2 and 3 of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) ("SFO")). He graduated from Qing Hua University with a bachelor's degree in engineering and a master's degree in business management.

He has over 20 years of experience in finance and investment.