The board of directors of Yuexiu Property Company Limited announced that Mr. Li Feng has tendered his resignation as an executive Director in order to focus on his other business commitments with effect from 21 April 2023. Upon his resignation, he ceased to act as a member of the nomination committee of the Board. The Board also announced that each of Mr. Zhu Huisong and Mr. He Yuping has been appointed as an executive Director with effect from 21 April 2023.

Mr. Zhu has also been appointed as the co-general manager of the Company and a member of the environmental, social and governance committee of the Board and Mr. He has been appointed as a member of the Nomination Committee with effect from 21 April 2023. Mr. Zhu, aged 48, has over 10 years of senior management experience in business operations of the Group. From January 2008 to October 2009, Mr. Zhu served in Guangzhou City Construction & Development Co.

Ltd. and held the last position as the supervisor of the general office. From October 2009 to September 2011, he served successively as the vice department head and the department head of the general department of Guangzhou Yuexiu City Construction International Finance Centre Co. Ltd. From October 2011 to November 2012, he served as a senior manager of the general office of GCCD.

From November 2012 to November 2018, he served in a number of regional companies of the Group in Shandong and held the last position as the general manager. From November 2018 to April 2020, he acted successively as the general manager of the regional companies of the Group in North China and East China. From April 2020 to March 2023, he acted as the chairman of the regional companies of the Group in North China.

Mr. Zhu has been a qualified intermediate economist specialising in commercial economy. Mr. He, aged 50, has over 15 years of senior management experience in business development legal compliance and risk management in the group of Guangzhou Yue Xiu Holdings Limited a controlling Shareholder. From January 2003 to August 2003, Mr. He served in GCCD and held the last position as the senior supervisor of the enterprise management department.

From August 2003 to April 2004, he served as a deputy general manager of the enterprise management (investment) department of GZYX. From April 2004 to November 2008, he practised as a lawyer in Guangdong Eastern Kunlun Law Firm From July 2014 and January 2018 to August 2020, he acted as the general manager of the development department of GZYX and Yue Xiu Enterprises (Holdings) Limited, respectively. Since November 2008 and January 2018, Mr. He serves as the general manager of the legal compliance and risk management department of GZYX and YXE, respectively.

From July 2015 and February 2017, he has acted as the company secretary of the board of directors and the chief legal adviser of GZYX, respectively. Since October 2022, Mr. He has acted as the chief compliance officer of GZYX and YXE. The Board announced that Mr. Cheung Kin Sang has been appointed as an independent non-executive Director and a member of the audit committee of the Board, the remuneration committee of the Board, the Nomination Committee and the ESG Committee with effect from 21 April 2023.

Mr. Cheung, aged 64, has over 40 years of corporate and commercial banking experience with diversified industry, product and institutional exposure. From July 2009 to December 2022, Mr. Cheung worked with DBS Bank Ltd, Hong Kong Branch and DBS Bank (Hong Kong) Limited where he served as the managing director and the head of institutional banking group in Hong Kong from June 2011 until his retirement in December 2022. He was also the alternate chief executive of DBS Bank (Hong Kong) Limited from December 2012 to December 2022.

He had worked in DBS for over 13 years, during which he was responsible for growing DBS's franchise in the corporate and commercial banking businesses in Hong Kong. Prior to joining DBS, he was the regional general manager of North East Asia and the general manager of Hong Kong Branch of OCBC Bank. Prior to such appointments, he held senior positions in corporate commercial banking and risk management with major international banks including Citibank, ABN-AMRO and Rabobank.

Mr. Cheung obtained a bachelor of social sciences degree from The University of Hong Kong in November 1981. Currently, Mr. Cheung is a member of The Hong Kong Academy of Finance, a member of Industry Training Advisory Committee of the Hong Kong Qualifications Framework for the banking industry, a member of the Board of Governors of World Green Organisation and a member of the Advisory Committee on Accounting and Finance of The Hong Kong Polytechnic University. He was a member of the Advisory Board and the Investment Committee to Hong Kong Export Credit Insurance Corporation from January 2011 to December 2016.

Since April 2023, Mr. Cheung has also been an independent non-executive director of K. Wah International Holdings Limited.