Greentown Management Holdings Company Limited announced Mr. Li Jun has ceased to be the chief executive officer of the Company but remains as an executive Director of the Company. Mr. LI Jun, aged 46, has been the chief executive officer and an executive Director of the Company since 2016, primarily responsible for the strategic development, overall operation and management of the Group. Mr. Li joined the Greentown Group as an officer in the quality management department in 2002 and subsequently served as a department manager in its operations management department since 2009.

Mr. Li has served as general manager of Greentown's first commercial project management project since 2010 and innovated the asset-light development model. He has served as president of the Group since 2015, responsible for overseeing daily operation and management. Under the leadership of Mr. Li, the Group became the first and the largest project management company with an asset-light business model in China.

In 2019 and 2020, Mr. Li successively received the Most Influential Business Leader in China Real Estate Industry and currently the first rotating chairman of the China Light Assets Alliance. Mr. Li completed his undergraduate studies in heating ventilation at the University of South China in the PRC in 1998 and obtained a master's degree in project management from Zhejiang University in the PRC in 2010. He has the AMP alumni qualification of the Wharton School of Business in the United States.

The Company announced that Mr. Wang Junfeng ("Mr. Wang"), an executive Director of the Company, has been appointed as the chief executive officer of the Company with effect from 31 July 2023. Mr. WANG Junfeng, aged 47, has been an executive Director and the Executive President of the Company since 12 January 2023 and is primarily responsible for the management of the Group's operation centre. Mr. Wang graduated and obtained his bachelor's degree from the East China Jiao Tong University.

Mr. Wang has 23 years of experience in real estate development and project management. From April 2017 to September 2021, Mr. Wang served as the executive deputy general manager of Zhejiang Greentown Real Estate Investment Co. Ltd., and also served as the general manager of Ningbo City Company.

From September 2021 to 11 January 2023, Mr. Wang has served as the general manager of Zhedong Greentown Real Estate Investment Co. Ltd.