Jinmao Property Services Co., Limited (the Company) announced that Mr. Jiang Nan has resigned as a non-executive director, the chairman of the Board and the chairman of the Strategy and ESG Committee of the Company with effect from 28 April 2023 due to his other business commitments which require more of his dedication. Mr. Jiang Nan has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board would like to express its sincere gratitude to Mr. Jiang Nan for his contribution to the Company during his tenure of office.

Appointment of director The Board further announces that Mr. Song Liuyi has been appointed by the Board as a non-executive director, the chairman of the Board and the chairman of the Strategy and ESG Committee of the Company with effect from 28 April 2023. In accordance with the articles of association of the Company, Mr. Song Liuyi shall be subject to election by the shareholders of the Company at the first annual general meeting of the Company following his appointment. The biographical details of Mr. Song Liuyi are set out below: Mr. Song Liuyi, who was born in November 1975, joined China Jinmao Holdings Group Limited (China Jinmao, a company listed on the Stock Exchange with the stock code of 817) as the assistant to the president in May 2011 and became the vice president of China Jinmao in January 2013.

He has been serving as the senior vice president of China Jinmao since March 2017, and has been an executive director of China Jinmao since August 2017. Mr. Song Liuyi is also an executive director of Shanghai Chentuo Investment & Consulting Co. Ltd., a subsidiary of China Jinmao.

Mr. Song Liuyi joined Sinochem Group Co. Ltd. in 2001 and worked at the investment business department of Sinochem International Corporation, the investment department and the general office of Sinochem Group Co. Ltd. He served as a non-executive director and the chairman of the board of directors of China VAST Industrial Urban Development Company Limited, a company listed on the Stock Exchange prior to its privatization in December 2022 with the stock code before delisting of 6166, from July 2021 until the delisting of such company.

Mr. Song Liuyi obtained a bachelor's degree in high polymer materials from the Beijing Institute of Technology in 1998 and a master's degree in materials from the Beijing Institute of Technology in 2001. Mr. Song Liuyi has over 20 years of experience in project investment, real estate development and corporate management.