The board of directors of Redsun Services Group Limited announced that Mr. He Jie has tendered his resignation as the chairman of the Board, a non- executive Director and an authorized representative of the Company and the chairman of the nomination committee of the Board and a member of the audit committee of the Board with effect from December 23, 2021 due to change in work arrangements; and Mr. Yim Kai Pung has tendered his resignation as an independent non-executive Director and the chairman of the Audit Committee, a member of the Nomination Committee and a member of the remuneration committee of the Board with effect from December 23, 2021 in order to devote more time to his other personal commitments. The Board announced that Mr. Zeng Junkai has been appointed as the chairman of the Board, a non-executive Director, an Authorized Representative, the chairman of the Nomination Committee and a member of the Audit Committee with effect from December 23, 2021. Mr. Zeng has been an executive director and a vice president of Redsun Properties Group Limited, and the general manager of the Nanjing regional companies () of the Redsun Properties Group since January 2021. He served as the general manager of the Chengdu regional companies of the Redsun Properties Group from October 2018 to January 2021 and the assistant president of Hong Yang Group Company Limited, the controlling shareholder of the Company, from May 2016 to October 2018. Mr. Zeng graduated from Wharton School of Business, University of Pennsylvania in the United States of America and obtained a bachelor degree in Economics (majoring in Finance) in May 2016. Mr. Zeng is a youth committee member of China Overseas Chinese Entrepreneurs Association, an executive committee member of Federation of Industry and Commerce of Jiangsu Province and the executive vice president of Jiangsu Young Entrepreneurs Federation.