Changsha Broad Homes Industrial Group Co., Ltd. announced that Ms. Tang Fen ("Ms. Tang") has resigned from her position as the president of the Company with effect from December 12, 2022 due to work adjustment. Following her resignation as the president of the Company, Ms. Tang will continue to serve as an executive director of the Company and a member of the strategy committee of the Company. Ms. Tang confirms that there
is no disagreement between her and the Board and there is no matter in relation to her resignation as the president of the Company that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board further announces that Mr. Hu Shengli ("Mr. Hu"), the current executive director and co-president of the Company, has been appointed as the president of the Company with effect from December 12, 2022. The term of office of Mr. Hu as the president of the Company shall commence from the date of passing of this Board resolution and end on the date of establishment of the fourth session of the Board of the Company and the appointment of the new senior management. The Company will enter into a service agreement with Mr. Hu in respect of his position as the president. The remuneration of Mr. Hu during his tenure as the president will be determined by the Board with reference to the standards of the senior management of the Company and after taking into account Mr. Hu's experience, duties and responsibilities and the remuneration policy of the Company. Please refer to the annual report of the Company published in due course for details of his remuneration. Mr. Hu Shengli, aged 50, is an executive director and a co-president of the Company and CEO of Changsha Broad Homes Cube Technology Co., Ltd. Prior to joining the Group, Mr. Hu worked at College of Hunan Telecom from August 1993 to March 1999 and worked at Hunan Guoxin Paging Co., Ltd. from April 1999 to August 2000. During Mr. Hu's tenure at China Unicom from September 2000 to February 2011, he had served consecutively as the deputy general manager of Marketing Department of China Unicom Hunan, the general manager of C Network Operation Department, the deputy general manager of China Unicom Changsha, the general manager of China Unicom Loudi, the general manager of Sales Department of Headquarters of Unicom Huasheng, the director of Channel Management and Sales Division of Sales
Department of China Unicom Group and other positions. Mr. Hu served as the general manager of Hunan Gintoten Camellia Technology Co., Ltd. from March 2011 to November 2011 and served as the vice president of FunTalk China Holding Limited and the general manager of Leyu Kaifei Communication Technology Co., Ltd. from December 2011 to December 2013. Mr. Hu worked at JD Group from January 2014 to January 2021, and served consecutively as the general manager of Communication Procurement Department I, the general manager of Communication Procurement Department, the group vice president and the president of the 3C and Entertainment Business Unit, the senior group vice president and the president of the Fashionable Household Platform Business Division, the senior group vice president and the head of Strategic Cooperation Department and other positions. Mr. Hu graduated from Changsha Railway University in July 1993, and obtained a Master's Degree in Business Administration from Hunan University in March 2008. He is currently enrolled in the EMBA program at China Europe International Business School.
As at the date of this announcement, save as disclosed above, Mr. Hu confirms that he has not held any directorships or supervisory positions or had any significant appointments or qualifications in any other listed companies (the securities of which are listed on any securities market in Hong Kong or overseas) in the last three years and does not hold any position in the Company or any other members of the Group and is not connected with any other directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company.