Shimao Group Holdings Limited announced the appointment of Mr. Lu Yi, an Executive Director and Vice President of the Company, as Executive President of the Company with effect from 23 June 2022. With effect from the date of the appointment, Mr. Lu will be an Executive Director and Executive President of the Company. Mr. Lu, aged 38, has joined the Group since 2008 and was appointed an Executive Director of the Company since 2 January 2020.

He is currently the largest regional development controller of the Group, responsible for overseeing the overall operation, development and management of the Group in the Strait district (mainly including Fujian, Guangdong and Hainan) and the asset management of the Group. Mr. Lu holds a Master's Degree from Zhejiang University and has over 13 years' experience in real estate operation and management.