Poly Property Services Co., Ltd. announced that, Ms. Wu Lanyu ceased to be the general manager of the Company due to the aforementioned work adjustment. According to the relevant requirements of the Articles of Association of the Company, the Board has approved the appointment of Mr. Yao Yucheng ("Mr. Yao"), as the general manager of the Company, the term of office is the same as the term of office of the second session of the Board. Mr. Yao Yucheng, aged 48.

From 1995 to 2004, Mr. Yao successively served as office secretary of Guangzhou Metro Corporation, a business partner of the human resources department of Guangdong Ericsson Technology Co., Ltd., and the human resources director of Guangdong Eastern Fibernet Investment Co., Ltd. From 2004 to 2019, he worked in Mattel Inc. and served as the general manager of the Shenzhen office and the regional human resources director prior to his departure. From 2019 to January 2023, he served as the general manager of the human resources center of Poly Developments and Holdings. Mr. Yao obtained a bachelor's degree in engineering from Shanghai Railway University in July 1995, a master's degree in business administration from Jinan University in June 2001, and a doctor's degree in management from Sun Yat-Sen University in December 2008.