The board of China Aoyuan Group Limited announced that Mr. Chen Zhi Bin (Mr. Chen) ceased to be the chief financial officer of the company but remains as an executive director and co-president of the company with effect from 27 April 2023 due to his other business commitment which requires more of his dedication. Mr. Chen has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation as the chief financial officer of the company that need to be brought to the attention of the Shareholders and the Stock Exchange. The board announced that Ms. Dong Wen Ya (Ms. Dong) has been appointed as the chief financial officer of the company, with effect from 27 April 2023.

Ms. Dong, aged 37, has over 15 years of work experience in auditing, accounting and taxation industry. She joined the Group in May 2011 and has assumed various positions successively since then, including the deputy manager, manager and assistant general manager of finance department of the Group and has been promoted to deputy general manager of finance department of the Group since May 2018. Prior to joining the Group, Ms. Dong served as an audit assistant manager in KPMG Huazhen LLP, Guangzhou branch, from August 2007 to May 2011.

Ms. Dong graduated from Guangdong University of Finance & Economics in the PRC in June 2007 with a Bachelor's Degree in International Finance and obtained a Master's Degree in Business Administration from Sun Yat-Sen University in the PRC in June 2016, and is a member of The Chinese Institute of Certified Public Accountants since December 2015.