The Board of Xiwang Property Holdings Company Limited announced that Ms. Li Shaoru has been appointed as an independent non-executive Director and a member of the audit committee and nomination Committee of the Company with effective from 6 July 2023. Ms. Li, aged 42, has over 17 years of experience in the legal field. She is currently a practicing solicitor of Shandong Xiangdu Law Firm in The People's Republic of China ("the PRC").

Between 2006 and 2011, she has served as a criminal court judicial clerk in the Yangxin County People's Court. She has served in several law firms in the PRC since 2011, focusing on corporate and commercial dispute resolution practice and other non-contentious practice. Ms. Li graduated from Shandong University of Political Science and Law with a major in Law in 2003.

Following her legal studies, she obtained the Certificate of the National Judicial Examination in the PRC in 2009. Ms. Li has entered into service contract with the Company for a term of three years commencing on 6 July 2023 subject to retirement by rotation and re-election at the general meetings of the Company and among other things, in accordance with the Bye-laws of the Company and the Listing Rules.