Hopefluent Group Holdings Limited announced that with effect from 24 May 2023: Mr. Fu Wai Chung remains to be an executive director of the Company but has ceased to be the chairman of the board of directors of the Company; Mr. Fu Ear Ly has been re-designated from an executive director of the Company to a non-executive director of the Company, and appointed as the vice chairman of the board of directors of the Company; Mr. Zhu Rongbin has been appointed as an executive director of the Company and the chairman of the board of directors of the Company; Mr. Gao Bin has been appointed as an executive director of the Company and the president of the Company; Ms. Fu Man has resigned as an executive director of the Company; and Ms. Ng Wan has resigned as a non-executive director of the Company. Mr. Fu Ear Ly, aged 38, was appointed as an executive director of the Company on 27 August, 2020. Mr. Fu Ear Ly, has over ten years' working experience and graduated from Bentley University in the United States.

Mr. Fu Ear Ly has been the chairman of the board of Guangdong Bravo Group () since 2007. He is committed to property investment business. Mr. Fu Ear Ly is responsible for monitoring the overall development strategy and business planning of the Group.

Mr. Fu Ear Ly has entered into a new service agreement with the Company for his re-designation as a Non-executive Director for a term of three years commencing on 24 May 2023. His service agreement is renewable automatically for successive terms of one year each commencing from the day next after the expiry of the then current term of appointment, unless terminated by not less than three months' notice in writing served by either party. In accordance with the provisions of the articles of association of the Company, he is subject to retirement from office as director by rotation once every three years at the annual general meetings of the Company.

The annual director's fee of Mr. Fu Ear Ly will remains unchanged. Mr. Fu Ear Ly's re-designation has been recommended by members of the nomination committee of the Company and approved by the Board. Mr. Fu Ear Ly's annual director's fee has been determined by the Board upon the recommendation of remuneration committee of the Company with reference to his projected time involvement in the business of the Company, duties and responsibilities within the Company.

Mr. Zhu, aged 50, graduated from the Faculty of Civil Engineering of Tsinghua University with a master degree and is a senior engineer. Mr. Zhu worked in China Overseas Land & Investment Limited, a company listed on the Main Board of the Stock Exchange with stock code 688 from 1995 to 2008 as assistant general manager and general manager (eastern China region) and was responsible for property development and project management in various locations, namely Guangzhou, Beijing and Shanghai. From 2008 to 2013, Mr. Zhu worked in Guangzhou R&F Properties Co.

Ltd. as vice president and general manager (southern China region). From 2013 to 2017, Mr. Zhu was the executive director and co- president of Country Garden Holdings Company Limited (``Country Garden Holdings''), a company listed on the Main Board of the Stock Exchange with stock code 2007. Mr. Zhu was the executive chairman and president of Yango Group Co.

Ltd., Mr. Zhu is the chairman of Hainan Yacheng Real Estate Development Co. Ltd.* (). Mr. Zhu has over 28 years of experience in property development and related business.

Mr. Zhu is responsible for formulating the overall development strategy and business planning of the Group. Mr. Gao, aged 40, obtained a bachelor degree in Engineering Management from Zhongnan University of Economics and Law in 2005, and graduated from Real Estate Economics of Zhongnan University of Economics and Law with a master degree in 2007. Mr. Gao awarded the degree of master of business administration of China Europe International Business School in 2021.

Mr. Gao was employed as marketing director of Marketing Center of Country Garden Holdings from 2007 to 2012, and as the secretary to the chairman from 2012 to 2014. From 2015 to 2023, he was the district president of Shanghai Region/West Hubei Region of Country Garden Holdings. Mr. Gao is primarily responsible for the execution of the management and business development of the Group.

The Board further announces that, with effect from 24 May 2023: Mr. Lam King Pui has ceased to be the chairman of the Nomination Committee, and remains as a member of the Nomination Committee; Each of Mr. Fu Wai Chung and Mr. Lo Yat Fung, existing Executive Directors has been ceased to be a member of the Nomination Committee; Mr. Zhu has been appointed as a member and the chairman of the Nomination Committee; and Mr. Fu Ear Ly has been appointed as a member of the Nomination Committee.