Zhongliang Holdings Group Company Limited announced that with effect from 1 July 2021: Mr. He Jian (``Mr. He'') will be appointed as an executive Director, co-president and a member of environmental, social and governance committee of the Board. The biography of Mr. He is set out below: Mr. He, aged 47, has over 20 years of experience in real estate development and sales operations and is currently an executive director of Shanghai Zhongliang Real Estate Group Co., Limited* (), the principal subsidiary and director of various other subsidiaries of the Group. Mr. He joined the Group in December 2015 and held senior management positions as deputy general manager of sales and marketing and president of various regional companies and groups. Mr. Chen Hongliang and Mr. He will jointly assume the roles of co-presidents of the Company. Mr. Chen Hongliang's role as co-president remains unchanged, while Mr. He will focus on investment, product development, sales and customer services, and overseeing of the business operations of the Group. Mr. Li Heli will resigned as an executive Director, co-president of the company and a member of ESG committee due to other personal commitments. Mr. Li has confirmed that as at the date of this announcement, he does not have any claim against the company in respect of his resignation; he does not have any disagreement with the Board; and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the company and the Stock Exchange.