The board of directors of Sino-Ocean Service Holding Limited announced the following changes in Directors and composition of Board committees with effect from 16 April 2024: Mr. ZHU Xiaoxing (Mr. Zhu) has resigned as the vice chairman of the Board, a non-executive Director and a member of the audit committee of the Company (the Audit Committee) due to work reallocation; Mr. HOU Min (Mr. Hou) has been appointed as the vice chairman of the Board, a non-executive Director and a member of each of the Audit Committee and the remuneration committee of the Company (the Remuneration Committee); and Mr. LEUNG Wai Hung, an independent non-executive Director, has been appointed as a member of the Remuneration Committee. Mr. Zhu has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited (the Stock Exchange). Mr. HOU Min, aged 43, is currently the deputy general manager of the office of CEO affairs of Sino-Ocean Group Holding Limited (being the controlling Shareholder and the shares of which are listed on the Main Board of the Stock Exchange.

Mr. Hou joined Sino-Ocean Group in August 2008 and previously served as customer service director, deputy general manager and general manager of companies established in Hainan Province, and deputy general manager of property development department in the Southern Region of Sino-Ocean Group. Mr. Hou is currently a deputy to the 8th People's Congress of Sanya and a member of its Legislative Affairs Commission. Mr. Hou has extensive experience in real estate operations management, customer Management, Peking University with a master's degree in business administration in 2018.

Mr. Hou is nominated by Sino-Ocean Holding.