The Board of Zhenro Properties Group Limited announced the following changes which have taken effect from 13 September 2022: Mr. Xie Jun has been appointed as an independent non-executive Director and a member of each of the Remuneration Committee and the Nomination Committee; Mr. Lin Hua has resigned as an independent non-executive Director and a member of each of the Remuneration Committee and the Nomination Committee; Mr. Chan Wai Kin has resigned as an executive Director, the vice president, the chief financial officer and an authorized representative of the Company for the purpose of Rule 3.05 of the Listing Rules, and will become a senior consultant of the Company to assist the Company in promoting the Holistic Liability Management Solutions; and Ms. Kwong Yin Ping, Yvonne, the joint company secretary, has been appointed as an authorized representative of the Company for the purpose of Rule 3.05 of the Listing Rules. 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.

Heis 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 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 approved 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 June2007 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.