The board of directors of Huafa Property Services Group Company Limited the "Company", together with its subsidiaries, the "Group" hereby announces that with effect from 20 April 2023, Mr. Xie Hui " Mr. Xie " has resigned as an executive Director; ii Mr. Zou Chaoyong "Mr. Zou" has resigned as a non-executive Director; and iii Mr. Zhang Yong "Mr. Zhang" has resigned as a vice president of the Company due to their desire to devote more time to their other work arrangements. The Board announced that Mr. Dai Geying "Mr. Dai" and Ms. Luo Bin "Ms. Luo" have been appointed as executive Directors with effect from 20 April 2023. Mr. Dai, aged 54, joined Zhuhai Huafa Properties Co.

Ltd. "Huafa Properties", a company listed on the Shanghai Stock Exchange stock code: 600325 and the indirect controlling shareholder of the Company, in April 2018 and is currently an executive vice president, the chief marketing officer and the chief operating officer of Huafa Properties. Mr. Dai has also been a director of Huafa Industrial HK Limited since June 2021. Mr. Dai has also held positions in various subsidiaries of Huafa Properties the "Huafa Properties Group", including the vice chairman of the board of Shanghai Huafa Chuangsheng Real Estate Co.

Ltd. since March 2021 and served as the deputy general manager from April 2015 to December 2018. Mr. Dai obtained a bachelor's degree in hydraulic structure from Tsinghua University in 1992 and a master's degree in architecture from the National University of Singapore in 2002. Ms. Luo, aged 50, has over 20 years of experience in accounting.

She joined Zhuhai Huafa Group Company Limited "Zhuhai Huafa ", the ultimate controlling shareholder of the Company, in October 2018 and currently serves as the deputy chief financial officer of Zhuhai Huafa. Ms. Luo is currently the chief financial officer of Huafa Properties and had previously served as the chief financial officer of the Company from May 2020 to May 2021. Ms. Luo has also served as the financial controller of Zhuhai Huafa Multi-Business Development Co.

Ltd. from October 2018 to May 2021, the chief financial officer of Zhuhai Huafa Physical Industry Investment Holding Co. Ltd. from April 2020 to May 2021. Ms. Luo obtained a bachelor's degree in accounting and auditing from the Sun Yat-Sen University in 1994 and a master's of accounting degree from the Sun Yat-Sen University in 2009.

The Board further announces that Mr. Zhou Dong "Mr. Zhou" has ceased to be a joint company secretary of the Company the "Joint Company Secretary" with effect from 20 April 2023. The Board further announces that Mr. Gu Yuanping "Mr. Gu", an executive Director, has been appointed as a Joint Company Secretary with effect from 20 April 2023. Ms. Chan Sau Ling "Ms. Chan" will continue to serve a Joint Company Secretary.

Mr. Gu was elected as a fellow member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom since March 2021. Accordingly, Mr. Gu possesses the qualifications of a company secretary as required under Rules 3.28 and 8.17 of the Listing Rules. Mr. Gu, aged 37, joined Zhuhai Huafa, the ultimate controlling shareholder of the Company, since October 2015 and is currently the deputy general manager of Hong Kong Huafa Investment Holdings Limited, a wholly-owned subsidiary of Zhuhai Huafa.

Mr. Gu is also the director of the legal affairs department and the director of the project management department of Huafa Industrial HK Limited, since August 2018 and November 2021, respectively. Mr. Gu has also been the general manager and the vice president of the legal compliance department of the Company, since July 2019 and May 2020, respectively. Mr. Gu graduated from Sun Yat-Sen University with a bachelor's degree in law in June 2008 and subsequently obtained a master's degree in law from The Chinese University of Hong Kong in December 2009.

Mr. Gu also obtained a master of science in corporate governance and compliance from Hong Kong Baptist University in November 2020. In addition, Mr. Gu has obtained a legal professional qualification certificate of the People's Republic of China issued by the Ministry of Justice of the People's Republic in China in March 2012.