The board of directors of Desun Real Estate Investment Services Group Co., Ltd. announced that Ms. Xiong Jianqiu (``Ms. Xiong'') tendered her resignation as an executive Director due to other work assignment within the Group. Ms. Xiong will cease to perform her duties as an executive Director with effect from 1 March 2024. Following the resignation of Ms. Xiong, the Board further announced that Mr. Yang Wen (``Mr. Yang'') has been appointed as an executive Director with effect from 1 March 2024.

Mr. Yang Wen, aged 40, joined the Company in April 2021 as the deputy director of the financial management center of the Company, at which he is responsible for the overall financial affairs of the Company. Mr. Yang has served as the chief financial officer of the Company since 30 August 2023, and he also serves as a supervisor of Chengdu Shengcheng City Management Service Co., Ltd, an indirect wholly owned subsidiary of the Company. Prior to joining the Company, Mr. Yang served as a chief financial officer of the proposed listing segment of USUNHOME Group Co., Ltd., a company which is principally engaged in cultural tourism and creative industries, from January 2017 to December 2020.

Mr. Yang was responsible for the financial matters related to listing. From August 2009 to December 2016, Mr. Yang worked at Honghua Group Co., Ltd., a company listed on the Stock Exchange principally engaged in oil and gas exploration and development equipment manufacturing and drilling engineering services. He served on various positions including the assistant of the group's chief financial officer which he was responsible for the company's group financing, credit granting, capital management and financial budgeting.

Mr. Yang worked as a manager of the internal audit department of Sime Darby Berhad from January 2009 to July 2009. Mr. Yang also worked at KPMG in China from August 2006 to November 2008, where he served on various positions among which his last position was assistant manager. Mr. Yang obtained a bachelor's degree in accounting management and minor in transportation and logistics economics from the University of International Business and Economics.

Mr. Yang is a certified public accountant and holds the qualification certificate for serving as the secretary to the board of directors issued by the Shenzhen Stock Exchange.