Central China Management Company Limited announced Mr. Wang Jun has been appointed as chief executive officer of the Company in place of Mr. Ma Xiaoteng who has also resigned from such position. The Board announced that Mr. Wang has been appointed as chief executive officer of the Company, in place of Mr. Ma, who has resigned from such position, both with effect from 9 January 2023. Mr. Wang, aged 36, was appointed as the vice president of the Group on 6 November 2020 and is primarily responsible for overall operation and management of the Group in its project management business outside of Henan Province.

Mr. Wang joined Central China Real Estate Limited (together with its subsidiaries, the CCRE Group' in September 2010 and had held various positions in the CCRE Group. Between September 2010 and December 2015, he served successively as a marketing planning specialist, deputy manager and manager in the sales and marketing department of Zhoukou City division, and was mainly responsible for the marketing in such region. Between December 2015 and March 2019, he served successively as a manager in the marketing management department of Zhoukou regional head office as well as assistant general manager of Luyi Project, assistant general manager of Zhoukou regional head office, and general manager of Zhoukou division, and was responsible for the management of real estate projects and asset-light projects in such region.

Since March 2019, he has been the vice president of Henan Zhongyuan Central China City Development Co. Ltd., the Company's wholly-owned subsidiary, and is mainly responsible for the management of its asset-light business outside of Henan Province. Mr. Wang obtained his bachelor's degree in graphic design from Jiujiang University in the PRC in July 2010.