The board of Sunkwan Properties Group Limited announced that Mr. Xie Jun has been appointed as an independent non-executive Director, a member of each of the audit committee, nomination committee and remuneration committee of the Board, with effect from 28 September 2023. Mr. Xie Jun aged 44, has nearly 20 years of extensive experience in the capital markets, real estate industry, cross-border investment and financing business, multinational enterprises, large state-owned enterprises, private enterprises and asset management for high-net-worth individuals. Mr. Xie holds a Master of Business Administration from the University of Hertfordshire, United Kingdom.

He is licensed by the Securities and Futures Commission of Hong Kong as a responsible officer of CRIC Securities Company Limited in relation to Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). He was also granted Certification of Securities Professional in China by Securities Association of China and Certification of China Banking Professional by China Banking Association, and passed the Senior Management Qualification Tests held by China Securities Regulatory Commission and China Banking Insurance Regulatory Commission, respectively. Mr. Xie has been the chief executive officer of CRIC Securities Company Limited, a licensed corporation under the SFO in Hong Kong, since January 2019 and has been the chairman of Snow Park Resort Japan Company Limited since June 2021.

He had held several management positions in a number of companies, including being: a director and the chairman of Leading Securities Company Limited of Japan from June 2019 to June 2022; the general manager of the international business department of Western Securities Company Limited from January 2016 to December 2018; the general manager of asset and wealth management of BNP Paribas (China) Limited from November 2011 to December 2015; the general manager of asset and wealth management of Credit Suisse AG Shanghai Branch from June 2007 to November 2011; and the vice president of Shanghai Hong Kong Plaza Sub-branch of HSBC Bank (China) Company Limited from April 2004 to June 2007. Mr. Xie has served as an independent non-executive director of Zhenro Properties Group Limited, since September 2022. Mr. Xie has entered into a letter of appointment with the Company with a term of three years commencing from the date of his appointment as an independent non-executive Director.

He is subject to retirement from office and shall be eligible for re-election at the first annual general meeting of the Company after his appointment and will subsequently be subject to retirement by rotation and re- election at the annual general meeting of the Company at least once every three years in accordance with the articles of association of the Company. Mr. Xie is entitled to a remuneration of HKD 320,000 per annum in relation to his appointment as an independent non-executive Director, which was determined with reference to his duties and responsibilities with the Company. Following the appointment of Mr. Xie, the Company has re-complied with the following requirement the Board must include at least three independent non-executive Directors under Rules 3.10(1) of the Listing Rules; the Audit Committee shall consist of a minimum of three members under Rule 3.21 of the Listing Rules; the Remuneration Committee shall comprise a majority of independent non-executive Directors under Rule 3.25 of the Listing Rules; and the Nomination Committee shall comprise a majority of independent non-executive Directors under Rule 3.27A of the Listing Rules.