The board of directors of Standard Development Group Limited announced that, Mr. Xu Jing (Mr. Xu) has been appointed as chief financial officer of the company under Rule 3.05 of The Rules Governing the Listing of Securities (the Listing Rules) on The Stock Exchange of Hong Kong Limited with effect from 19 December 2022. Mr. Xu, aged 36, obtained a bachelor degree of business administration with a major in financial services and a minor in accountancy from The Hong Kong Polytechnic University in 2009 and master degree of business administration from The Hong Kong University of Science and Technology in 2017. Mr. Xu became a Chartered Financial Analyst in January 2014 and obtained the qualification of Certified Public Accountant from Hong Kong Institute of Certified Public Accountants in March 2016.

Mr. Xu has more than 10 years of experience in financial management, corporate finance and business development. He was a deputy CEO and general manager of offshore business of Morris Home Holdings Limited. Previously, Mr. Xu was the Investment Manager at SEAVI Advent Ocean Private Equity Limited and worked at CCB International Capital Limited and at Deloitte and Touche Financial Advisory Services Limited involving in corporate finance and investment banking activities.