Zhong Ao Home Group Limited announced the following change of Non-Executive Directors: RESIGNATION OF NON-EXECUTIVE DIRECTOR: The board of directors of the company announced that with effect from 10 July 2023, Mr. Wu Zhihua has resigned as a non-executive Director due to need to devote more energy to his personal affairs. APPOINTMENT OF NON-EXECUTIVE DIRECTOR: The Board also announced that Ms. Xu Yaping has been appointed as a non-executive Director with effect from 10 July 2023. The biographical details of Ms. Xu are set out as follows: Ms. Xu, aged 43, graduated from The Hong Kong Polytechnic University with a master's degree in international real estate in 2018.

She has extensive experiences in property service, real estate and marketing industry in the People's Republic of China. She has joined Greentown Property Service Group Co. Ltd. since 1998 and has held various positions in several of its subsidiaries.

From January 2013 to May 2022, she served as the general manager of Greentown Real Estate Consulting Group Co. Ltd. From August 2017 to present, she is concurrently serving as the vice president and the chief marketing officer of Greentown Service Group Co. Ltd. She obtained the construction engineer qualification certificate issued by Zhuji Personnel Bureau in September 2008 and the certified property manager qualification certificate issued by Zhejiang Provincial Department of Human Resources and Social Security in May 2011.

Ms. Xu has entered into a service contract with the Company for an initial term of 3 years commencing from 10 July 2023. Ms. Xu will be subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the Stock Exchange and the articles of association of the Company. Ms. Xu is entitled to receive director fee of HK$120,000 per annum for her directorship in theCompany which is determined by the Remuneration Committee of the Company with reference to her duties and responsibilities as well as the prevailing market conditions.