Desun Real Estate Investment Services Group Co., Ltd. announced that Mr. Zhang Qiang (Mr. Zhang) tendered his resignation as executive director to focus on his other personal business development and Mr. Wu Da (Mr. Wu) has tendered his resignation as executive director due to change in work arrangement, but will hold other position in the group. Mr. Zhang and Mr. Wu have ceased to perform their duties as executive directors with effect from 12 July 2022, respectively. Each of Mr. Zhang and Mr. Wu confirmed that he has no claims against the company for fees, compensation for loss of office, remuneration, severance payments, pensions, expenses or otherwise and he has no disagreement with the board, and there are no other matters relating to his resignation that needs to be brought to the attention of the holders of securities of the company and the stock exchange of Hong Kong limited.

Following the resignation of Mr. Zhang and Mr. Wu, the board further announces that Mr. Liu Jun (Mr. Liu) and Mr. Shao Jiazhen (Mr. Shao) have been appointed as executive directors with effect from 12 July 2022, respectively. The biographical information of Mr. Liu is set out below: Mr. Liu, aged 41, joined the group in August 2020 upon the completion of acquisition of Chengdu Zhongneng Property Management Company Limited (Chengdu Zhongneng) by the group, in which Mr. Liu held the position as the executive director and legal representative. Liu was appointed as a vice president of Chengdu Desun Real Estate Investment Property Service Co., Ltd. (Chengdu Desun), an indirect wholly-owned subsidiary of the company, in August 2020.

On top of the above, Mr. Liu is currently the executive director, general manager and/or legal representative of several subsidiaries of the Company, including Chengdu Jinjie Asset Management Co., Ltd. (Chengdu Jinjie) and Chengdu Baiyuejiacheng Business Management Co., Ltd. (Chengdu Baiyuejiacheng). Mr. Liu is responsible for managing various affairs of the investment and development center and promoting the business expansion and the brand planning and building of the company. Mr. Liu has more than 20 years of experience in real estate and property management industry.

Prior to joining the group, Mr. Liu worked aChengdu Wucheng Santai Property Management Co. from March 2000 to December 2004. From December 2004 to February 2013, Mr. Liu served as a general manager of Sichuan Languang Justbon Services group Co., Ltd. Since February 2013, Mr. Liu has been serving as the legal representative and executive director of Chengdu Zhongneng and was mainly responsible for Chengdu Zhongneng's strategic planning and execution, and its overall management.

Mr. Liu obtained his master's degree in business administration from Southwest Jiaotong University in PRC in November 2014. The biographical information of Mr. Shao is set out below: Mr. Shao, aged 43, joined the group in August 2020 upon the completion of acquisition of Chengdu Zhongneng by the Group, in which Mr. Shao held the position as the director and general manager. He was appointed as a vice president of Chengdu Desun in August 2020.

On top of the above, Mr. Shao is currently the supervisor of Chengdu Jinjie and a manager of Chengdu Baiyuejiacheng. Mr. Shao is responsible for promoting and implementing the business development strategies and taking charge of various management affairs of the business division of the company. Mr. Shao has more than 15 years of experience in property management experience.

Prior to joining the Group, Mr. Shao worked at Chengdu Jiabo commercial and property operation and management company as the general manager of the company and assistant president, a company engaged in commercial property management, where he was responsible for managing the operation of commercial projects. From February 2014 to January 2015, Shao was the executive deputy general manager of the business division of Sichuan Languang Hejin Industrial Co., Ltd. From January 2015 to August 2021, Shao was the director and general manager of Chengdu Zhongneng and the manager of Chengdu Jinjie Asset Management Co., Ltd. Mr. Shao graduated from Sichuan Normal University in July 1998.