The board of directors of China New City Commercial Development Limited announced that it has approved the following change of Director with effect from 5 May 2023: Mr. Jin Jianrong (‘ Mr. Jin ‘) has been appointed as an executive Director. Mr. Jin, aged 54, has been appointed as an executive Director with effect from 5 May 2023. He is responsible for the construction works and project development management of the Group.

Mr. Jin has over 35 years of experience in property and construction industry. Since his graduation from the Zhejiang Township Industrial School March 1987, he had worked in various in construction and real estate development companies in the People 's Republic of China from September 1987 to September 2004, serving in various role including construction worker, construction manager, tender team leader and project manager in multiple property construction and development projects. In September 2004, Mr. Jin joined Zhong An Group Limited (the ‘ Zhong An Group ‘).

He has since served as a construction manager and project manager in multiple commercial and residential property development projects of the Zhong An Group. Since 2003, Mr. Jin has been appointed as a member of the Tender Evaluation Experts Base of Xiaoshan. Mr. Liu Bo (‘ Mr. Liu ‘) has resigned as an executive Director and the vice president of the Company.