The board of directors of Prosper Construction Holdings Limited announced that, as stated in the announcement of the Company dated 29 May 2023, Mr. Yang Zhenshan did not offer himself for re-election as Director at the annual general meeting of the Company held on 27 June 2023; accordingly, Mr. Yang has retired as executive Director with effect from conclusion of the AGM. APPOINTMENT OF EXECUTIVE DIRECTOR: The Board further announces that the resolution for appointment of Mr. Du Jianzhi as executive Director has been passed at the AGM and extends a warm welcome to Mr. Du for joining the Board. The biographical details of the Mr. Du are set out below: Mr. Du Jianzhi (), aged 42, graduated in civil engineering from the Shandong University of Science and Technology in the PRC and is qualified as a registered cost engineer since 2008 and a grade-one constructor since 2010.

Mr. Du has over 17 years of experience in risk control, project costing and general construction project management and is employed under Qingdao Dongjie Construction Group Co. Ltd. a subsidiary of the Company, as deputy general manager from February 2022 until present. From October 2018 to February 2022, Mr. Du served as a deputy general manager of the general manager office of an engineering consultant company.

From May 2015 to June 2018, he served the deputy head of risk control department of West Coast Development Group*. From February 2009 to May 2015, he was the head of audit (second division) of an engineering consultancy company in Qingdao. From September 2002 to May 2006, he was a deputy head of construction division of an accountant firm in Qingdao.

CHANGE IN COMPOSITION OF REMUNERATION COMMITTEE, NOMINATION COMMITTEE, RISK MANAGEMENT COMMITTEE, AND STRATEGY AND INVESTMENT COMMITTEE: The Board further announced the following changes to the composition of the Board's remuneration committee, nomination committee, risk management committee, and strategy and investment committee with effect from 27 June 2023. Remuneration committee: New appointment: Mr. Ni Chuchen as member; Nomination committee: New appointment: Mr. Ni Chuchen as member. Risk management committee: New appointment: Mr. Yang Honghai and Mr. Du Jianzhi as member; Strategy and investment committee: New appointment: Mr. Ni Chuchen as member.