Greatwalle Inc. announced that Mr. Lyu Xingyuan ("Mr. Lyu") has tendered his resignation as an executive Director with effect from 22 July 2022. After his resignation, Mr. Lyu will also cease to hold any other positions in the members of the Group. Mr. Lyu has confirmed that he has no disagreement with the Board and there are no other matters regarding his resignation that need to be brought to the attention of the holders of securities of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Company also announced APPOINTMENT OF AN EXECUTIVE DIRECTOR With effect from 22 July 2022, Mr. Su Congyue ("Mr. Su") has been appointed as an executive Director who is responsible for overseeing all Group affairs and daily operations. The biography of Mr. Su is set out below: Mr. Su, aged 51, obtained a degree of master of business administration in the City University of Seattle (formerly known as City College) in December 2005 and obtained a degree of bachelor of politics in Jilin University in July 1994. From October 2018 to May 2022, Mr. Su worked in Shenzhen Guanhui Jiye Property Management Limited, a subsidiary of the Company, as an executive manager. Since November 2015, Mr. Su worked in Shenzhen Great Walle Investment Corp. Ltd. ("Great Walle Investment"), the substantial shareholder of the Company as director and the deputy general manager. Mr. Su commenced his career in China Southern Airlines in July 1994 and subsequently held senior executive position thereto until November 2015. Save as being the executive Director, Mr. Su does not hold any other positions in the Company or its subsidiaries. Mr. Su has entered into a service contract with the Company for a term of three years commencing
on 22 July 2022 subject to termination by either party giving to the other not less than one month's prior written notice, Mr. Su is not entitled to any director's fee. Mr. Su will hold the office until the next following annual general meeting of the Company and is eligible for re-election at the meeting, and shall be subject to retirement by rotation and re-election in accordance with the articles of association of the Company.