The board of directors of Greentown Service Group Co. Ltd. announced that Ms. Wu Aiping will resign as an independent non-executive Director, and a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 1 June 2023 due to her desire to devote more time to her personal affairs. The Board further announced that Mr. Jia Shenghua will be appointed as an independent non-executive Director, and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 1 June 2023.

The biographical details of Mr. Jia are as follows: Mr. Jia, aged 61, is currently a professor and a tutor of doctoral students of the School of Management of Zhejiang University. He worked at Northwest Agricultural University from July 1989 to February 1995, where he was engaged in teaching and research of land economic management. He has joined Zhejiang University since March 1995.

Mr. Jia is currently also a standing director of the Global Chinese Real Estate Congress. In addition to the working experience above, Mr. Jia is currently an independent non-executive director of Greentown China Holdings Limited, as well as an independent director of each of Hangzhou Binjiang Real Estate Co. Ltd., Nandu Property Services Group Co.

Ltd. and Guangyu Group Co. Ltd. Moreover, Mr. Jia served as an independent non-executive director of Dexin Services Group Limited from June 2021 to April 2023. Mr. Jia obtained his bachelor's degree in agricultural economics and management from the Northwest A&F University in the People's Republic of China in July 1983 and his doctor's degree in agricultural economics and management from the Northwest Agricultural University in the PRC in July 1989.

The Board considered and accepted the recommendation from the Nomination Committee to appoint Mr. Jia as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, after reviewing his academic qualifications and work experience.