Midea Real Estate Holding Limited at its AGM held on June 4, 2021 announced that Mr. Xu Chuanfu retired as an executive Director of the company immediately after the conclusion of the AGM in order to devote more time to develop the services business of the company's subsidiary. Mr. Wang Quanhui has been elected as an executive Director at the AGM and appointed as the Executive Vice President of the company immediately after the conclusion of the AGM. Mr. Wang, aged 47, was appointed as executive vice president of Midea Real Estate Group Limited in January 2021. Mr. Wang is primarily responsible for the businesses of the sales management, operation management, cost control and tendering and procurement, project management, product research and development, brand management and customer relationship management. Since joining the Company and its subsidiaries in June 2001, Mr. Wang has served various positions in Midea Real Estate Group Limited, including: director; general manager of the city company; general manager of the North China regional company; and vice president and general manager of the central regional company. Mr. Wang has also assumed multiple directorships in other subsidiaries, including, among others, Shijiazhuang Midea Real Estate Development Co. Ltd., Handan Midea Real Estate Development Co. Ltd. and Henan Haode Junlan Property Co. Ltd.