Yuexiu Services Group Limited announced that Mr. Mao Liangmin resigned as an executive Director and the vice president (Standing) of the Company with effect from 28 August 2023 to focus on managing the daily operations of the Group. Mr. Mao will remain in the Group as a co-general manager of Guangzhou Yuexiu Property Development Co. Ltd. an indirect wholly-owned subsidiary of the Company. Upon his resignation, he ceased to act as a member of the investment committee of the Board. The Board announced that Mr. Chan Yuen Hang Kennethresigned as an independent non-executive Director of the Company with effect from 28 August 2023 to devote more time to his other personal commitments. Upon his resignation, he ceased to act as a member of the audit committee, the remuneration committee, the nomination committee and the environmental, social and governance committee of the Board. The Board is announced that Mr. Zhang Chenghao appointed as an executive Director, the vice president (Standing) of the Company and a member of the Investment Committee with effect from 28 August 2023. Biographical details of Mr. Zhang are summarized as follows: Mr. Zhang, aged 42, has over 19 years of experience in the real estate industry. From July 2003 to April 2020, Mr. Zhang worked with China Vanke Co. Ltd. which is dual listed on the Main Board of the Stock Exchange and the Shenzhen Stock Exchange, with his last position as the Guangzhou managing partner of the Guangzhou rental apartment office serving from July 2015 to April 2020. From April 2020 to July 2023, Mr. Zhang served as the general manager of the customer relations center at Yuexiu Property Company Limited, a company listed on the Main Board of the Stock Exchange and a controlling Shareholder of the Company. Since July 2023, Mr. Zhang has served as the general manager of Yuexiu PD. As an executive Director and the vice president (Standing) of the Company, Mr. Zhang will be in charge of the overall strategic direction, management of operational matters and business decision making of the Group. Given the past experience in real estate and the senior positions held by Mr. Zhang in Yuexiu Property over the years, the Directors believe that Mr. Zhang can contribute his management and operation experience as well as his invaluable knowledge to the Group. Mr. Zhang obtained a bachelor's degree in electrical engineering and automation from Huazhong University of Science and Technology in the People's Republic of China in June 2003. Mr. Zhang has entered into a service contract with the Company for an initial fixed term of three years commencing on 28 August 2023. The Board announced that Mr. Leung Yiu Manhas been appointed as an independent non-executive Director, a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Environmental, Social and Governance Committee with effect from 28 August 2023.Biographical details of Mr. Leung are summarized as follows: Mr. Leung, aged 55, has over 30 years of experience in investment, equity analysis
and corporate finance. Mr. Leung served as the managing director and executive director of China International Capital Corporation (Hong Kong) Limited between March 2001 and October 2009, the chief investment officer of SPG Land (Holdings) Limited (now known as Greenland Hong Kong Holdings Limited), a company listed on the Main Board of the Stock Exchange, between 2009 and 2011, the managing director of Morgan Stanley Asia Limited between September 2011 and April 2015. Since August 2017, Mr. Leung has been a responsible officer management of private equity and investment advisory. Mr. Leung was an independent non-executive director of Casablanca Group Limited, a company listed on the Main Board of the Stock Exchange between May 2015 and May 2017. Since March 2023, he has also been an independent non-executive director of Get Nice Holdings Limited, a company listed on the Main Board of the Stock Exchange . Mr. Leung holds Type 4 (advising on securities) and Type 9 (asset management) licenses from the Securities and Futures Commission in Hong Kong. He is a chartered financial analyst of the Institute of Chartered Financial Analysts in the United States and a member of the Hong Kong Securities and Investment Institute. Mr. Leung obtained a bachelor's degree in Social Sciences from the University of Hong Kong in 1990.