SRE Group Limited was informed by the family members of Mr. Peng Xinkuang ("Mr. Peng"), an executive director of the Company, the chairman of the board (the "Board") of directors of the Company (the "Directors") and the chief executive officer of the Company, that the Public Security Bureau of the People's Republic of China imposed measures on Mr. Peng such that he was required to undergo an investigation due to personal matters and the Public Security Bureau adopted restrictive measures on him. Mr. Peng could not be contacted normally, so Mr. Peng was temporarily unable to perform his duties. The Board has on 19 January 2020 appointed Mr. Zhu Qiang ("Mr. Zhu"), an executive Director, as an acting chief executive officer of the Company.

Mr. Zhu will, among others, perform the duties as the chief executive officer of the Company.