The Board of Beijing Capital Grand Limited announced that Mr. Xu Jian (Mr. Xu) has resigned as chief executive officer with effect from 8 February 2024 due to work re-designation to a non-affiliated entity outside the Group. The Board announced that Mr. Xie Hongyi (Mr. Xie) has been appointed as chief executive officer with effect from 8 February 2024. Mr. Xie Hongyi, aged 44, joined Beijing Capital Group Co.

Ltd. (Capital Group) in April 2013. He served as the deputy general manager and general manager of the strategic development centre of Capital Jingzhong (Tianjin) Investment Co. Ltd. (Capital Urbanization) from April 2013 to June 2017, and served as the assistant general manager and deputy general manager of Capital Urbanization from June 2017 to December 2022.

He then served as the executive director of Capital Investment Development Co. Ltd. from September 2018 to December 2022. In January 2023, Mr. Xie was appointed as the deputy general manager of Beijing Capital City Development Group Co.

Ltd. Prior to joining Capital Group, Mr. Xie served as an executive deputy general manager of the communication consulting division of CCID Consulting Company Limited from July 2008 to August 2010 and an industrial analysis manager of the industrial research institute of the leasing centre at China Fortune Land Development Co. Ltd.* () from August 2010 to April 2013. Mr. Xie obtained a bachelor's degree in electronic science and technology from the department of electronic engineering of Tsinghua University in September 2003 and a professional doctoral degree in electronic science and technology from Tsinghua University in July 2008.