The board of directors of Shenzhen Investment Holdings Bay Area Development Company Limited announced that Jianming WU will be appointed as an Executive Director, Executive General Manager and a member of the committee of the Executive Directors of the Company and Peng XUE will be appointed as an Independent Non-executive Director, both with effect from 4 February 2022. Jianming WU is currently the general manager of Shenzhen Expressway Construction Development Company Limited. Mr. WU has extensive experience in project and corporate management. He joined SZ Expressway Group in 2004 and had worked in various projects of the SZ Expressway Group. Mr. WU had been appointed as a deputy general manager of SZ Construction from May 2017 to January 2019. Since February 2019, Mr. WU has been appointed as a general manager of SZ Construction and a general manager of Waihuan Project Management Office. Mr. XUE has been appointed as the general manager of the operations management center of the SITC Group since July 2017. Mr. XUE has also been appointed as an independent non-executive director of China Beststudy Education Group, since 3
December 2018.