Sky Chinafortune Holdings Group Limited announced that with effect from 6 January 2020, Ms. JIANG Jiabao (JIANG) has been appointed as an executive Director and Mr. JIANG Tian will cease to act as the Chief Executive, but will remain as the Chairman and executive Director and Ms. HOU Yingxuan (a current executive Director) will take up the role as the Chief Executive. Ms. JIANG had been an assistant to the general manager responsible for investment and property management and market information consulting in Shanghai Chongsheng Investment Management Co. Ltd. from 2017 to 2019.

She is currently a director of Sky Chinafortune (Shanghai) Business Management Co. Ltd. Ms. HOU has been an executive Director since February 2017.