The board of directors of the Zhenro Services Group Limited announced that Mr. Lin Xiaotong has resigned as executive Director and member of the Remuneration Committee of the Company with effect from 1 July 2023 due to his retirement. The Board also announced that Mr. Kang Hong has resigned as an executive Director with effect from 1 July 2023 in order to pursue his other personal career development plans. The Board announced that Mr. Deng Li has been appointed as executive Director and member of the Remuneration Committee, with effect from 1 July 2023.

Mr. Deng, aged 44, has over 21 years of experience in corporate operation management, general management and other related matters. Mr. Deng joined Zhenro Properties Group Limited in June 2020 and had held various senior management positions within its subsidiaries. From June 2020 to February 2023, Mr. Deng served as a standing deputy manager and a general manager of Suzhou and Shanghai region for Zhenro Properties.

From March 2023 to June 2023, he served as an assistant to President for Zhenro Properties, in charge of service quality. Prior to joining Zhenro Properties, Mr. Deng held senior management related positions in various corporations. From July 2002 to February 2014, he had worked for Hopson Development Holdings and successively served as the project manager in municipal company, project director in Northern China, and general manager in Regal Park in Northern China Company.

From February 2014 to April 2020, he had worked for China Fortune Peacock City Residential Group and successively served as the district general manager, and general manager of branch company. In July 2002, Mr. Deng graduated from Hohai University with a bachelor’s degree, and in March 2020, he graduated from Shanghai Jiao Tong University with a master’s degree in management. The Board announced that Mr. Wang Wei has been appointed as an executive Director with effect from 1 July 2023.

Mr. Wang, aged 42, joined Zhenro Commercial Management Co. Ltd. in March 2016 and served as a general manager since. In the meantime, Mr. Wang was promoted to be the Assistant to President of the Group.

Prior to joining Zhenro Commercial Management, Mr. Wang held senior management related positions in various corporations. From August 2007 to July 2010, he served as a manager of investment promotion department for Beijing Seasons Place Shopping Centre Co. Ltd. From August 2010 to June 2014, he served as a manager of the investment promotion operation department for COFCO Properties (Tianjin) Co.

Ltd. From July 2014 to February 2016, he served as the head of commercial property research department for Dalian Wanda Commercial Properties Co. Ltd. In July 2003, Mr. Wang graduated from Heilongjiang Institute of Science and Technology with a bachelor’s degree.