The board of directors of SFund International Holdings Limited announced that with effect from April 2, 2022, Lam Kwan Sing has ceased to be the chief executive officer of the Company and CUI Lei has been appointed as the Chief Executive Officer in his stead. Lam will remain as an executive Director. Cui Lei is currently the Chief Investment Director of SFund International Investment Fund Management Ltd. Prior to joining the Group, Cui acted as the group general manager of Nanjing Longchang Real Estate Development Group Co.

Ltd. from April 2020 to March 2022.