The Board of Xinyuan Property Management Service (Cayman) Ltd. announced that Mr. WANG Yong ("Mr. Wang") has been appointed as chief financial officer of the Company with effect from 21 October 2022. Mr. WANG Yong, aged 44, has 19 years of experience in financial management, product
R&D and management, investment and M&A, equity financing and listing of companies, and
possesses expertise in delivering ecological and platform value to the capital market. Mr. Wang holds a master's degree in business administration from the Kellogg School of
Management at Northwestern University and a master's degree from the School of Information
and Communication Engineering at Beijing University of Posts and Telecommunications. From October 2021 to October 2022, Mr. Wang served as chief financial officer of Neolink Tech Group Inc., a wholly owned subsidiary of VNET Group Inc. (a company listed on NASDAQ, stock ticker: VNET), and was responsible for all financial activities, financing and spin-off related work. From May to October 2021, Mr. Wang served as chief financial officer of Gome Online, an online e-commerce platform operated by GOME Retail Holdings Limited (a company listed on the Stock Exchange, stock code: 0493), and was responsible for financial management, financing and listing related work. From 2019 to 2021, Mr. Wang served as chief financial officer of CDP Group, a human resource technology SaaS and services company, and was responsible for financial management, equity financing and U.S. stock listing related work. From September 2017 to February 2019, Mr. Wang served as vice president of strategy of Sunlands Technology Group (a company listed on the New York Stock Exchange ("NYSE"), stock ticker: STG), an online post-secondary and professional education organisation, and was responsible for capital market and listing related work. From 2010 to 2017, Mr. Wang worked in the field of corporate finance and asset management at the Hong Kong offices of Morgan Stanley, Deutsche Bank and JPMorgan Chase. From 2003 to 2008, Mr. Wang served as R&D engineer and head of R&D of Intel China's software research and development business unit.