The board of directors of Shimao Services Holdings Limited announced that Mr. Ye Mingjie has resigned as the President of the Company with effect from 26 April 2024 to pursue his career development and devote more time to his personal commitments as well as family. Mr. Shao Liang has been appointed as the President of the Company with effect from 26 April 2024. Mr. Shao, aged 46, is currently the group vice president and head of production and operation management center of Shimao Group Holdings Limited, responsible for the overall management of Shimao Group's production operation.

Mr. Shao obtained a bachelor's degree in economic management in 2001 and joined Shimao Group in the same year, and successively served as an assistant president, the head of sales management center and controller of the regional sales of Shimao Group, accumulating over 23 years of experience in sales and operation management.