The board of directors of Beijing Properties (Holdings) Limited announces the following changes all effective from 21 July 2023: Mr. Qian Xu ("Mr. Qian") has tendered his resignation as an executive director, the chairman of the Board, the authorized representative and the member of nomination committee of the Company with effect from 21 July 2023 due to the reach of his retirement age; Mr. Zhao Jiansuo ("Mr. Zhao") has tendered his resignation as an executive director with effect from 21 July 2023 due to the reach of his retirement age. The Board announce that: Mr. Zhu Yingying ("Mr. Zhu") has been appointed as an executive director and the chairman of the Board of the Company with effect from 21 July 2023 to fill the casual vacancy arising from the resignation of Mr. Qian. Mr. Xu Zhigang ("Mr. Xu") has been appointed as an executive director of the Company with effect from 21 July 2023. Mr. Cheng Ching Fu, executive director and company secretary, has been appointed as the authorized representative of the Company with effect from 21 July 2023. Mr. Zhu Yingying, aged 38, is currently the general manager and a director of Beijing Enterprises City Development Group Limited ("BE City"), which is a subsidiary of Beijing
Enterprises Group Company Limited ("BE Group"). Mr. Zhu obtained a bachelor's degree of engineering from Nanjing University of Posts and Telecommunications in 2004 and obtained
a master 's degree of management from Peking University in 2008. Mr. Zhu previously worked in the State-owned Assets Supervision and Administration Commission of People's
Government of Beijing Municipality and the Beijing government before joining BE Group in 2013. He worked in the research centre of BE Group, and as senior management of the Beijing Municipal Administration & Communication Card Co. Ltd. and Beijing Enterprises Smart City Technology Development Co. Ltd. before he was appointed as the general manager and a director of the BE City in April 2023. Mr. Zhu has extensive experience in government relations and corporate management. Mr. Xu Zhigang, aged 41, graduated from Jiangxi University of Finance and Economics with a bachelor's degree in laws and obtained a master's degree in laws from Nankai University. Mr. Xu is currently the general counsel of BE City, and directors of Beijing Enterprises City Development Limited and Zhejiang Rongheng Real Estate Co. Ltd.
which are subsidiaries of BE City. BE City is a subsidiary of BE Group. Mr. Xu obtained his legal professional qualification of the People's Republic of China in 2005, and he has
been engaged in corporate legal compliance for a long time and has extensive experience in corporate legal compliance.