The board of directors of E-Star Commercial Management Company Limited announced that Mr. Chen Qunsheng and Mr. Ma Chaoqun have been appointed as executive Directors with effect from 16 June 2023. Mr. Chen Qunsheng, aged 45, was appointed as the chief executive officer of the Company and Shenzhen Galaxy Commercial Property Group Co. Ltd., and is mainly responsible for the overall business strategies as well as the daily operation and management of the Group, with effect from 4 May 2023.

Mr. Chen has extensive experience in the operation and management of commercial properties. Prior to joining the Group, from July 2000 to September 2017, he was employed by China Resources Land Limited, a company listed on the Stock Exchange (stock code: 1109) and its associated companies, with his last position as the deputy general manager of commercial property business division of China Resources Land Limited. From October 2017 to June 2020, Mr. Chen served as an executive director of Shanghai Xintiandi Commercial Management Co.

Ltd. and the chairman of Fung Cheng Property Co. Ltd., both companies were indirect wholly-owned subsidiaries of Shui On Land Limited, a company listed on the Stock Exchange. From June 2021 to April 2023, Mr. Chen was appointed as an independent non-executive director of Nayuki Holdings Limited, a company listed on the Stock Exchange (stock code: 2150).

Mr. Chen received a bachelor's degree in economics from Wuhan University in July 2000. Mr. Ma Chaoqun, aged 41, joined the Group on 4 May 2023. He currently serves as the chief financial officer of the Company and the general manager of the finance management center of Galaxy Commercial Property Group.

Mr. Ma is mainly responsible for overseeing the financial management, investor relations and matters in relation to capital markets, legal affairs and contract management, as well as procurement management of the Group. Mr. Ma has extensive experience in financial management and capital operation. Prior to joining the Group, he was employed by Midea Group Co.

Ltd. and its affiliated companies from July 2005 to April 2023, where his last position was general manager of the capital markets department of Midea Real Estate Group Limited, an indirect wholly-owned subsidiary of Midea Real Estate Holding Limited. From June 2016 to January 2021, he successively served as the chief financial officer, secretary to the board of directors, and the executive general manager of Guangdong Platinum Property Services Co. Ltd. Mr. Ma graduated from Shenyang University of Chemical Technology with a bachelor's degree in accounting in July 2005.

He obtained a master's degree in business administration from South China University of Technology in June 2012. He is currently pursuing a doctoral degree in enterprise management at the Macau University of Science and Technology. Mr. Ma has obtained the qualification of fund practitioners and was awarded the board secretary certificate by the Shenzhen Stock Exchange and Shanghai Stock Exchange in August 2016 and July 2017, respectively.