The board of directors of Huafa Property Services Group Company Limited announced that Mr. Li Guangning (Mr. Li) has resigned as the chairman of the board with effect from 18 November 2022 in order to devote more time to other work arrangements. Mr. Li will continue to serve as an executive director after his resignation as the chairman of the board. The board announced that Mr. Zhou Wenbin (Mr. Zhou) has been appointed as the chairman of the board with effect from 18 November 2022.

Mr. Zhou is currently an executive director, the chief executive officer, a member of the remuneration committee and an authorised representative of the company. Following the appointment of Mr. Zhou as the chairman of the Board, Mr. Zhou will assume the dual roles of the chairman of the Board and the chief executive officer. Mr. Zhou, aged 54, joined the Group in 2013 and is currently an executive Director and chief executive officer of the COMPANY.

He was the chairman of the board of the subsidiaries of the Company, Huafa Property Services Company Limited (formerly known as Zhuhai Huafa Property Management Services Co. Ltd.) from November 2013 to September 2021 and Zhuhai Huafa Building Elevator Engineering Co. Ltd. from December 2013 to September 2021.

Mr. Zhou has continued to serve as an executive director of Huafa Property since September 2021 and is responsible for the overall strategic development. Mr. Zhou is also the chief services officer of Zhuhai Huafa Properties Co. Ltd. and a non-wholly owned direct subsidiary of Zhuhai Huafa Group Company Limited since March 2020.

Mr. Zhou was a deputy general manager of Zhuhai Huafa Property Development Co. Ltd. from February 2019 to May 2021. Prior to joining the subsidiaries of the Group, Mr. Zhou served as the supervisor of the group general manager office of Zhuhai Huafa from July 2013 to November 2013 and a manager and an assistant to the general manager of Zhuhai Shizimen Central Business District Development Holdings Co.

Ltd. from August 2010 to May 2015. Mr. Zhou graduated from Hubei University in 1996 with a degree specialising in English education. The board further announced that Ms. Zhou Youfen (Ms. Zhou) has resigned as a non-executive Director with effect from 18 November 2022 in order to devote more time to other work arrangements.

The board announced that Mr. Zou Chaoyong (Mr. Zou) has been appointed as a non-executive director with effect from 18 November 2022. The biographical details of Mr. Zou are set out below: Mr. Zou, aged 45, has over 21 years of experience in finance and accounting. He has been serving as a director of Zhuhai Huafa since April 2021.

Mr. Zou was a director and financial controller of Zhuhai Jiuzhou Holdings Group Co. Ltd. from March 2018 to April 2022. Since December 2013, Mr. Zou has served as the financial controller of State- owned Assets Supervision and Administration Commission of the Zhuhai Municipal Government and has been designated by the Zhuhai SASAC to hold positions as a director, supervisor, financial controller of various subordinate corporations, such as, among others, a director and financial controller of Zhuhai Water Environment Holdings Group Limited from December 2013 to March 2018, Zhuhai Urban Construction Group Co.

Ltd. from August 2014 to March 2018, Zhuhai Investment Holdings Co. Ltd. from March 2014 and July 2015 to March 2018, respectively, and a supervisor of Zhuhai Venture Capital Guidance Fund Co. Ltd. from August 2014 to March 2018.

Before joining the Group, Mr. Zou previously worked as a financial manager of Cooper Edison Power Systems Co. Ltd. from July 2001 to June 2010. During the period from June 2010 to December 2013, Mr. Zou served as the vice general manager of Henan Province Shengyuan Anti-corrosion Installation Construction Co.

Ltd. Mr. Zou has also been serving as a director and financial controller of Zhuhai Transportation Group Co. Ltd. since April 2021 and has been serving as a director of each of Zhuhai Airlines Co., Ltd, Zhuhai Gree Group Co. Ltd. and Hengqin Financial Investment Group Co.

Ltd. since April 2022. Mr. Zou is currently a director of Zhuhai Huajin Capital Co. Ltd. since November 2017 and was a non-executive director of Zhuhai Holdings Investment Group Limited, a company delisted from the Main Board of the Stock Exchange on 18 June 2021, from May 2018 to June 2021.

Mr. Zou graduated from the Central University of Finance and Economics with a bachelor's degree in accounting in July 1999 and was awarded the qualification of senior accountant in December 2011.