Beijing Capital Jiaye Property Services Co., Limited announced that on April 3, 2022 Mr. Wang Wei will resign as a shareholder representative supervisor of the Company due to other work arrangements, with effect from the date of the approval of the appointment of a new shareholder representative Supervisor by shareholders of the Company at the general meeting of the Company. On the same day, the supervisory committee of the Company considered and approved the resolution on the nomination of Mr. Yang Nan as a Shareholder representative Supervisor. His term of office shall take effect from the date on which the relevant change of Supervisor is approved by the Shareholders at the General Meeting and expire upon the expiration of the first session of the Supervisory Committee of the Company.

The Company will enter into a service contract with Mr. Yang Nan upon his appointment being approved at the General Meeting. Mr. Yang Nan will not receive any remuneration from the Company for his service as a Shareholder representative Supervisor. The biographical details of Mr. Yang Nan are set out as follows: Mr. Yang Nan, aged 40, has served as the general manager of Beijing Dongfang Ronghe Property Management Co.

Ltd. since December 2021. He served as the manager of the assets management department of Beijing Dongfang Cultural and Economic Development Group Co. Ltd. from August 2020 to December 2021; served as the manager of the assets management department of Beijing Daqianmen Investment Management Co.

Ltd. from October 2019 to August 2020; served as the manager of the assets management department of Beijing Dongfang Cultural and Business Operation Management Group Co. Ltd. from October 2017 to October 2019; served as the deputy manager of the asset department of Beijing Tianjie Group Co. Ltd. from August 2013 to October 2017; served as the head of the assets management department of Beijing Dongfang Cultural Assets Management Co.

Ltd. from August 2011 to August 2013; and served as the senior marketing director of Beijing Aozhong Shimao Real Estate Management Co. Ltd. from July 2007 to April 2011. Mr. Yang Nan graduated from Oryol State Technical University in Russia with a bachelor's degree in economics (corporate economics and management) in July 2005 and graduated from Oryol State Technical University in Russia with a master's degree in economics (corporate economics) in July 2007.