The board of directors of Excellence Commercial Property & Facilities Management Group Limited announced that Mr. Huang Mingxiang (Mr. Huang) has resigned as an independent non-executive Director, the chairman of the remuneration committee (the Remuneration Committee), and a member of the audit committee (the Audit Committee) and the nomination committee (the Nomination Committee) with effect from 22 March 2024 due to personal health reasons. Mr. Huang has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that Professor Cui Haitao (Professor Cui) has been appointed as an independent non-executive Director with effect from 22 March 2024.

Professor Cui, aged 49, has started his teaching career in tertiary education as Lecturer of Marketing in 2005 at Carlson School of Management in University of Minnesota Twin Cities (UMN). He is currently a Deputy Associate Dean for Global DBA Program, Ecolab-Pierson M. Grieve Chair in International Marketing and Professor of Marketing of UMN. He is also an affiliated professor at the Department of Industrial & System Engineering, College of Science & Engineering at UMN.

Professor Cui is widely recognized for his contributions in areas of behavioral modeling in marketing, branding, competitive strategies, distribution channels, marketing-operations interfaces, and pricing. He serves as Departmental Editor at Production and Operations Management, Departmental Editor at Service Science, Guest Associate Editor at Management Science, and on the editorial boards of the academic journals such as Journal of Operations Management. He has also been the Vice President of the Behavioral Operations Management and Research Society at Operations Research Society of China since 2015.

Professor Cui was also the Vice President of the Production and Operation Management Society College of Behavioral Operations from 2017 to 2019. Professor Cui was selected as the one of the American Marketing Association-Sheth Doctoral Consortium Fellow in 2004, 2017 and 2020 respectively. He received the Meritorious Service Award from 2009 to 2019 by Management Science and Distinguished Service Award by Marketing Science and the 3M Non-Tenured Faculty Award from 2007 to 2010.

He was nominated to be the MSI Young Scholars in 2011 and the Chang Jiang Scholars by Ministry of Education of China in 2016. Professor Cui was also honored with the Inaugural Marketing Science Institute (MSI) Scholars in 2018 for "top scholars helping to set the research agenda for the field". Professor Cui is an independent non-executive director of Viva Goods Company Limited.

He obtained his Bachelor's Degree in Industrial Engineering and Degree in Fluid Machinery and Fluid Engineering and International Master of Business Administration from Tsinghua University in 1998 and 2000. He received his master's degree (IMBA) from the Tsinghua-MIT Global MBA Program, and his Master of Business Administration in Operations and Information Management and Doctor of Philosophy in Managerial Science & Applied Economics from Wharton School of University of Pennsylvania in 2002 and 2005 respectively. The Board announced that Professor Cui has been appointed as the chairman of the Remuneration Committee, and a member of the Audit Committee and the Nomination Committee with effect from 22 March 2024.