Jiahua Stores Holdings Limited announced that Madam Yan Xiao Min ("Madam Yan") has been appointed as a non-executive Director with effect from 1 November 2023. Madam Yan, aged 52, has over 30 years of experience in the Chinese real estate industry. Madam Yan graduated from Tangshan Normal University in Hebei Province, China.

Madam Yan has worked as a reporter at the broadcasting department of Tangshan Iron and Steel Company of Hebei Province Hegang Group. She also served as the general manager of Jiahan Industrial (Shenzhen) Co. Ltd. and the project general manager of Shenzhen Xinyi Real Estate Development Co.

Ltd. Since October 2011, Madam Yan has been the general manager of Shenzhen Jiahua Real Estate Development Co. Ltd. until now. Madam Yan has extensive experience in real estate development and property management.

She has unique concepts in the planning, design, construction, decoration and renovation of urban complexes, especially large shopping malls. She has experience in reducing construction and decoration costs, but complying with the trend of the operational standards of shopping malls. The Board believes that Madam Yan can provide valuable advice on the utilization of the operating area of the Group's existing stores, as well as the location and planning of the Group's future new stores.