The board of Changsha Broad Homes Industrial Group Co., Ltd. announced that due to work adjustment, Mr. Hu Shengli has resigned as president of the Company with effect from March 28, 2024. Upon his resignation, Mr. Hu will cease to hold any position in the Company. Mr. Zhang Jian,the current executive director and chairman of the Board of the Company, has been appointed as the president of the Company with effect from March 28, 2024.

Mr. Zhang, aged 60, is the founder of the Company, and has been the chairman of the Board and an executive Director since the date of the incorporation of the Company in April 2006. Mr. Zhang takes charge of the overall affairs of the Board, participates in the formulation and implementation of the business and operation strategies of the Company and makes significant business and operational decisions of the Company through the Board. Since March 1996, Mr. Zhang has served as an executive director of Hunan Broad Lingmu House Equipment Co., Ltd., responsible for formulation of strategies, business operation and investment decision-making.

Since April 2008, he has served as the chairman of board of Hunan Dazheng Investment Co., Ltd. responsible for investment and management affairs. Since April 2013, he has served as a general partner of Changsha High-tech Development Zone Daxin Investment Management Partnership, responsible for investment and management affairs. Before joining the Group, Mr. Zhang taught thermal engineering at Harbin University of Science and Technology from July 1985 to September 1988.

He served as the head of Chenzhou Hot Spring Heating Equipment Factory from June 1988 to September 1992 and was mainly responsible for research, development and management. He served as an executive director and the president of Broad Air-Conditioner Co., Ltd. from September 1992 to July 2002 and was mainly responsible for formulation of strategies and the overall management and operation. Mr. Zhang served as a representative of the Eighth National People's Congress of the PRC from March 1993 to February 1998 and a representative of the Ninth National People's Congress of the PRC from March 1998 to February 2003.

Mr. Zhang was awarded the China Invention Gold Award by the Organizing Committee of International Exhibition of Patent, New Technology and New Products in November 1990, the Invention Silver Award of the Foire Internationale de Paris by Foire Internationale de Paris in 1991, the Invention Gold Award of the 22nd International Exhibition of Geneva by the International Advisory Committee for Inventions in April 1994, the National Technology Advancement Award by National Science and Technology Commission in December 1996, the Grand Prize of the 110th Concours Lépine International Paris by Association des Inventeurs et Fabricants Francais in 2011, and the Real Estate Representative for the 40th Anniversary of China's Reform and Opening-up by Leju Finance in December 2018. Mr. Zhang obtained a bachelor's degree in thermal engineering from Harbin Institute of Technology in July 1985.