The board of directors of Aoyuan Healthy Life Group Company Limited announced that with effect from 20 October 2023: Mr. Li Huiqiang has been appointed as the chairman of the Board,
a non-executive Director, and the chairman of the nomination committee of the Company (Nomination Committee), and is responsible for providing opinion on the overall management and strategic planning to the Board; Ms. Jiang Nan has been appointed as a non-executive Director and is responsible for providing opinion to the Board in connection with the property management operation and the recent development on the property management services; and Mr. Cheng Siu Fai, an executive Director, has resigned as the chairman of the Nomination Committee. Mr. Li, aged 51, obtained an Executive Master of Business Administration at Jinan University in 2016. As of the date of this announcement, Mr. Li holds interests in NanYue StarBridge LPF. Mr. Li is also a director and is holding the entire issued share capital of (a) Zhong Xin Global Limited, being the limited partner of NanYue StarBridge LPF, and (b) StarBridge Hong Kong Limited, being the general partner of NanYue StarBridge LPF. Mr. Li is an engineer with over 20 years of experience. Mr. Li served as a managing director of Chenhui Construction Engineering Group Co. Ltd. from 2015 to 2020 and a general manager of Guangzhou Panyu Qiaoxing Construction and Installation Engineering Co. Ltd. from 2000 to 2014. Ms. Jiang, aged 42, graduated from the Department of Literature and Arts at Beijing Broadcasting Institute (currently Communication University of China) in 2004 with a Bachelor of Radio and Television Production and Directing. She has over 19 years of experience in corporate management. Since March 2016, Ms. Jiang served as the general manager of Perrier Health Management Limited. From September 2004 to February 2016, Ms. Jiang served as the general manager of Guangzhou Panyu Jinsui Auto Parts Plant. With effect from 20 October 2023, Mr. Cheng has resigned as the chairman of the Nomination Committee. Mr. Cheng has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as the chairman of the Nomination Committee that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. Following the above change and the appointment of Mr. Li, the Nomination Committee comprises Mr. Li as the chairman, Mr. Hung Ka Hai Clement, Dr. Li Zijun and Mr. Wang Shao, being the independent non-executive Directors, as the members.