The board of directors of Ling Yue Services Group Limited announced that Mr. Liu Yuhui, an executive Director, the chairman of the Board, the authorized representative of the Company pursuant to Rule 3.05 of the Listing Rules, a member of remuneration committee of the Company and the chairman of nomination committee (the "Nomination Committee") of the Company has tendered his resignation from the positions listed above with effect from 12 January 2024 as he would like to devote more time on his other commercial and personal affairs. The Board further announces that Mr. Liu Yuqi has been appointed as an executive Director, the chairman of the Board, the Authorized Representative, a member of Remuneration Committee and the chairman of Nomination Committee with effective from 12 January 2024. The biographical details of Mr. Liu are set out as follows: Mr. Liu, aged 56, has been served as an director of Lingyue Property Services Group Co.

Ltd., an indirect wholly-owned subsidiary of the Company since January 2002, and he is primarily responsible for the overall business operation and development strategy. From March 2004 to now, Mr. Liu served as an director of Leading Group Co. Ltd., an indirect wholly-owned subsidiary of Leading Holdings Group Limited.

From April 2000 to March 2004, Mr. Liu served as the chairman of the board of Sichuan Huifeng Real Estate Development Co. Ltd. Since September 1999 to April 2000, Mr. Liu served as the chairman of the board of Meishan Yuanda Real Estate Development Co. Ltd. Since April 1999 to September 1999, Mr. Liu served as the chairman of the board of Meishan Baoma Real Estate Development Co.

Ltd. Mr. Liu is currently an EMBA candidate of Tsinghua University PBC School of Finance since June 2021. From May 2018 to December 2019, Mr. Liu participated in the thirteenth term of course of Cheung Kong Graduate School of Business. Mr. Liu has been the chairman of the Association of Chengdu Meishan Entrepreneurs since February 2014.