The board of directors of China Aoyuan Group Limited announced that Zhang Jun has been re-designated from an executive director of the company to a non-executive director of the company with effect from July 30, 2021 in order to devote more time on his other personal engagements. Apart from being re-designated as a non-executive director of the company, Zhang will cease to hold other positions in the group. Zhang joined the group in February 2015 and was appointed as an executive director of the company on April 14, 2020. He had served as a deputy general manager of operation and marketing and vice president in renowned companies such as Dalian Wanda Group Company Limited and China Yurun Food Group Limited.