The board of directors of Kaisa Group Holdings Ltd. announced that Mr. Wu Jianxin has resigned as the chief financial officer of the Company with effect from 20 June 2022 to devote more time on his personal endeavours. The Board also announced that Ms. Luo Tingting has been appointed as a Chief Financial Officer of the Company with effect from 20 June 2022. Ms. LUO Tingting, aged 38, has been a vice president of the Group, and mainly responsible for financial management.

Ms. Luo joined the Group in April 2011, and successively served as the general manager of the Planning and Finance Department of the Group and president assistant of the Group. She had worked in a major accounting firm before joining the Group. In July 2006, Ms. Luo graduated from Jiangxi University of Finance and Economics majoring in public finance and English with a double bachelor's degree of economics and arts.

Upon her appointment as a Chief Financial Officer, Ms. Luo will be mainly responsible for overseeing the financial management of the Group in the PRC.