Glorious Property Holdings Limited announced that Mr. XIA Jing Hua has tendered his resignation as an executive Director of the Company with effect from 6 September 2022. After his resignation becomes effective, Mr. XIA would cease to be a member of both corporate governance committee and finance committee of the Company. The Board also announced that with effect from 6 September 2022, Ms. LU Juan has been appointed as an executive Director and a member of both corporate governance committee and finance committee of the Company.

Ms. LU, aged 46, graduated from Dongbei University of Finance and Economics with a bachelor's degree of accounting and is a senior accountant. Ms. LU joined the Group serving as an accounting officer in Nantong Zhuowei Trade Development Co. Ltd. from May 2008 to December 2009, and subsequently as a finance manager in the finance department of Fuda Real Estate Development (Nantong) Co.

Ltd. from January 2010 to June 2013. Ms. LU was promoted to her current position as the financial controller in Glorious Property Development (Nantong) Co. Ltd. in July 2013, and has concurrently served as the deputy financial controller of the Company since August 2022.

She has over fourteen years of experience working for the Group and has acquired extensive knowledge of the Group's business, operations and finance.