The board of directors of Excellence Commercial Property & Facilities Management Group Limited announced that Ms. Guo Ying (Ms. Guo) has been re-designated from an executive Director to a non-executive Director of the company (Re-designation) with effect from 15 August 2023 and is responsible for the management of the Investment Development Department of the Company. Following her Re-designation, Ms. Guo will also cease to be the General Manager and the chief executive officer of the Group. Ms. Guo's Re-designation as non-executive Director and retirement as General Manager and the chief executive officer of the Group is to allow her more time to devote to the development of the Investment Development Department of the Company, which is one of the key growth areas of the Company, whilst still being able to contribute her valuable skills and experience to the Company through her new position as a non-executive director of the company.

Ms. Guo, aged 56, has been an executive Director since 22 May 2020 and was primarily responsible for implementing the strategies and daily operations of the Group. Ms. Guo joined the Group in October 2000 as a deputy project manager and successively served as the general manager of quality management department, assistant to deputy general manager and deputy general manager. She was promoted to the general manager of Excellence Property Management in August 2013 and has been responsible for project management and its daily operations since then.

Ms. Guo currently holds directorships in various subsidiaries of the Company. Prior to joining the Group, from April 1998 to May 2000, Ms. Guo worked at Shenzhen Kangwei Home Kitchen Co. Ltd. From October 1993 to December 1994, Ms. Guo worked at Shenzhen Yashi Clothing Co.

Ltd. In January 2014, Ms. Guo was awarded as an Outstanding General Manager for the Year of 2014 by Golden Key International Alliance. Ms. Guo was admitted as a candidate for the "Top 10 CEOs in Property Industry for the Year of 2018 jointly organized by Leju Finance, Sina Finance, China Entrepreneur, Fangchan.com and E-House Shihui in November 2018, and was recognized as an Outstanding Property Manager for the Year of 2019 by EH Consulting in December 2019. Ms. Guo obtained her bachelor's degree in textile design from Xi'an Polytechnic University (formerly known as Northwestern Institute of Textile Technology in the PRC in July 1990, and completed the advanced training courses in equipment management provided by the school of economy and management of Tongji University in the PRC in August 2016.

The Board further announces that Mr. Yang Zhidong (Mr. Yang) has been appointed as a chief executive officer of the Company, an executive Director with effect from 15 August 2023 and is responsible for the overall management of the Group. Mr. Yang, aged 49, have been serving as the chief operating officer since September 1, 2021, and as the Executive Vice General Manager of the Group on January 1, 2023, primarily responsible for the operations of the Group. Prior to joining the Group, from January 2010 to August 2021, Mr. Yang successively served as national operation director, segment director of strategic accounts and the head of global strategic account of Chinese multinational companies in Sodexo Group China, where he was primarily responsible for the business development, strategic planning and overall operation of strategic account of foreign enterprises and global strategic account of Chinese multinational companies.

From August 2008 to December 2009, Mr. Yang served as Corporate Service Manager in Intel Corporation (China), where he was primarily responsible for the integrated facilities management of Intel China R & D center. From August 2000 to April 2008, Mr. Yang served as IFM Regional Manager in Motorola Inc, where he was primarily responsible for the integrated facilities management of Motorola in South China and the initialization of new projects in the Asia Pacific region. After graduation to July 2000, Mr. Yang served as a senior supply chain planner in Eastman Kodak (China) Company, where he was primarily responsible for the company's supply chain material management and the maintenance of master data in SAP system (systems applications and products in data processing) and he is one of the main principals of Manufacturing Resource Planning.

Mr. Yang obtained his bachelor's degree in International Trade from Sun Yat-sen University in PRC in July 1997. Mr. Yang has more than 20 years' experience in integrated facilities management for the world's top 500 enterprises. He is professional in strategic planning, formulation and implementation, especially outstanding in MRPII, Change Management and Solution Planning of super large IFM projects.

Apart from those, he also has rich practical experience in team management and serving client needs. The board announced that Mr. Wang Dou (Mr. Wang) has tendered his resignation as a non-executive director of the company with effect from 15 August 2023 due to investing his time in other work arrangements. The Board further announces that Mr. Wang has ceased to be a member of the audit committee of the Board with effect from 15 August 2023 following his resignation as a non-executive Director of the Company, Ms. Guo Ying will replace Mr. Wang Dou as a member of the Audit Committee of the Board of Directors.