Beijing Capital Grand Limited announced that Mr. Yang, Paul Chunyao has resigned as the non-executive Director, a member of the Remuneration Committee and a member of the Strategic Investment Committee with effect from 8 July 2022, in order to pursue other business or professional commitment. The Board announced that Mr. Zhao Randolph has been appointed as the non-executive Director, a member of the Remuneration Committee and a member of the Strategic Investment Committee with effect from 8 July 2022. Mr. Zhao Randolph, aged 38, joined KKR in 2018 as a member of the Asia Real Estate Team.

Prior to KKR, Mr. Zhao was with Hony Capital based in Beijing, responsible for real estate investments in Greater China on behalf of Hony's RMB real estate funds. Prior to that, he was with AEW Capital Management based in Hong Kong and was responsible for real estate acquisitions in Asia-Pacific, with a primary focus on Greater China. Mr. Zhao started his career in Asia real estate investing with PGIM Real Estate in Beijing.

Mr. Zhao holds a M.P.S in Real Estate from Cornell University and a B.S. in Business from the University of Minnesota.