The Board of Xinyuan Property Management Service (Cayman) Ltd. announced that Mr. LING Chenkai ("Mr. Ling") has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of the Audit Committee and the Nomination Committee, with effect from 21 October Mr. LING Chenkai, aged 46, has over 20 years of extensive working experience. Mr. Ling obtained a bachelor's degree in systems engineering from the University of Shanghai for Science and Technology in June 1998, and obtained a master's degree in information management and systems from Tongji University in June 2000. He also obtained a master's degree in business management from the Tuck School of Business at Dartmouth College in June 2008 and was a Tuck School of Business scholarship recipient. Since 2021, Mr. Ling has been serving as managing director of PAG Asia Capital (HK) Limited. Previously, Mr. Ling held several positions at JD.com, serving as corporate vice president from 2016 to 2021; as head of strategy and investment of retail subsidiaries as well as special assistant to chief executive of retail subsidiaries/head of general management department (including public affairs) from 2019 to 2021; as general manager of retail solutions in 2019; as head of corporate strategy and investment from 2016 to 2019; and head of international business from 2018 to 2019. Mr. Ling served as a director of Beijing Bitauto Internet Information Co. Ltd. (a company listed on NYSE, stock ticker: BITA) from 2020 to 2021. Mr. Ling served as a non-executive director of Yixin Group Limited (a company listed on the Stock Exchange, stock code: 2858) from 2017 to 2021. Mr. Ling held several positions at Bain & Company Inc. from 2008 to 2016, with his last position as an associate principal of the firm. His fields of expertise includes strategy, operational improvement, digital transformation and private equity post-investment management. Upon the changes in the Directors, the changes in composition of Board committees are as follows: As Mr. Luo has resigned as independent non-executive Director of the Company, Mr. Luo has ceased to be a member of the Nomination Committee, with effect from 21 October 2022. Mr. LI Yifan ("Mr. Li") has ceased to be a member of the Nomination Committee and Mr. Lan and Mr. Ling have been appointed as members of the Nomination Committee, with effect from 21 October 2022. Accordingly, the Nomination Committee consists of Mr. SHEN Yuan-Ching ("Mr. Shen") (Chairman), Mr. Lan and Mr. Ling, with effect from 21 October 2022. As Mr. Luo has resigned as independent non-executive Director of the Company, Mr. Luo has ceased to be a member of the Remuneration Committee, with effect from
21 October 2022. Mr. Li has been re-designated as a member of the Remuneration Committee, and Mr. Ling has been appointed as the chairman of the Remuneration Committee, with effect from 21 October 2022. Accordingly, the Remuneration Committee consists of Mr. Ling (Chairman), Mr. Li and Mr. Shen, with effect from 21 October 2022. As Mr. Luo has resigned as independent non-executive Director of the Company, Mr. Luo has ceased to be a member of the Audit Committee, with effect from 21 October 2022. Mr. Lan and Mr. Ling have been appointed as members of the Audit Committee,
with effect from 21 October 2022. Accordingly, the Audit Committee consists of Mr. Li (Chairman), Mr. Lan and Mr. Ling, with effect from 21 October 2022.

2022.