The board of directors of China Jinmao Holdings Group Limited announced that Mr. CHEN Chuan has resigned as a non-executive director and a member of the Remuneration and Nomination Committee of the Company due to his other business commitments which require more of his dedication, with effect from 29 November 2023. The Board announced that Ms. WANG Wei has been appointed by the Board as a non-executive director and a member of the Remuneration and Nomination Committee of the Company, with effect from 29 November 2023. In accordance with the articles of association of the Company, Ms. WANG shall be subject to election by the shareholders of the Company at the first annual general meeting of the Company following her appointment.

Ms. WANG Wei, born in May 1967, joined Ping An Life Insurance Company of China Ltd. in May 2022 as a risk specialist in the investment management team of the investment management center. Ms. WANG consecutively served as the general manager of the asset preservation department, risk management department and credit approval department of Shenzhen Development Bank Tianjin Branch from April 2002 to March 2017, and then as an assistant to the president of Ping An Bank Jinan Branch from March 2017 to August 2019. She served as an assistant to the president and then the vice president of the energy finance department of Ping An Bank from August 2019 to August 2021, and as the deputy chief risk specialist of the special asset management department of Ping An Bank from August 2021 to May 2022.

Ms. WANG has been a non-executive director of China Fortune Land Development Co. Ltd. since January 2023. Prior to joining Ping An Bank, Ms. WANG was a teacher at the School of Economics and Management of Tianjin Vocational Institute from August 1989 to April 2002.

Ms. WANG has over 20 years of experience in corporate finance and financial management, risk management in asset, investment and financing. Ms. WANG obtained a degree of Bachelor of Laws in July 1989 from China University of Political Science and Law, majoring in economic laws. Ms. WANG obtained her Lawyers' Qualification Certificate of the People's Republic of China in September 1995.

The Company will enter into a letter of appointment with Ms. WANG. Her term of office as a director shall be three years, subject to the provisions regarding the retirement of directors under the articles of association of the Company.