The board of directors of SFund International Holdings Limited announced the following changes with effect from April 2, 2022. LI Qing has tendered his resignation as an executive Director and chairman of the Board with effect from April 2, 2022 due to his personal work arrangements; YU Wenhao has tendered his resignation as an executive Director with effect from April 2, 2022 due to his personal work arrangements; and WANG Mengsu has tendered her resignation as an executive Director with effect from April 2, 2022 due to her personal work arrangements. The Board announced that CUI Lei, CHEN Zifeng, and WANG Jing have been appointed as executive Directors with effect from April 2, 2022.

Cui Lei is currently the Chief Investment Director of SFund International Investment Fund Management Ltd. Prior to joining the Group, Cui acted as the group general manager of Nanjing Longchang Real Estate Development Group Co. Ltd. from April 2020 to March 2022. Chen Zifeng is currently the deputy investment director of SFund International.

He is also a director of various subsidiaries of the Company, a director of Kapok Spirit Investment Limited. Wang Jing has been the senior legal manager of SFund International since October 2021. Prior to joining SFund International, she worked as the legal and compliance manager of Sky Wise Hong Kong Limited from September 2020 to September 2021.