Enterprise Development Holdings Limited announced that Mr. Liang Liang ("Mr. Liang") was appointed as an executive Director and a Co-Chief Executive Officer of the Company with effect from 16 July 2024. Mr. Liang and Mr. Yu Hui, the other Co- Chief Executive Officer of the Company will jointly be responsible for managing the Group's affairs. Mr. Liang, aged 42, has approximately 20 years of experience in investment banking, high-tech equity investment, private equity investment funds and corporate mergers and acquisitions, and has successfully completed multiple high value transactions in the capital market.

He served as the managing director of AVIC Capital International Holdings Co. Ltd. from January 2019 to July 2024 and served as a member of the investment committee of Shenzhen AVIC Pingshan Integrated Circuit Venture Capital Partnership (Limited Partnership) from December 2019 to July 2024. Prior to that, he worked in a number of financial institutions and investment banks, including CCB International Capital Limited, CMB International Capital Corporation Limited, China International Capital Corporation (International) Limited, BOCI Asia Limited and Standard Chartered Bank.

Mr. Liang has accumulated rich resources and experience in the high-end equipment manufacturing industry and financial fields. He obtained a master's degree in investment management from BAYES Business School (formerly known as CASS Business School) in the United Kingdom in 2005.