Yuexiu Services Group Limited announced that with effect from 24 April 2024: Lin Feng resigned as a non-executive Director and the Chairman of the Board. Upon his resignation, he ceased to act as the Chairman of each of the Nomination Committee, the Investment Committee and the ESG Committee, and a member of the Remuneration Committee; and Mr. Zhu Huisong was appointed as a non-executive Director and the Chairman of the Board, the Chairman of each of the Nomination Committee, the Investment Committee and the ESG Committee, and a member of the Remuneration Committee. Mr. Zhu, aged 49, has over 11 years of senior management experience in business operations of Yuexiu Property Company Limited ("Yuexiu Property", and its subsidiaries, the "Yuexiu Property Group").

Yuexiu Property is a company listed on the Main Board of the Stock Exchange (stock code: 00123) and Company's controlling shareholder. From January 2008 to October 2009, Mr. Zhu served in Guangzhou City Construction & Development Co. Ltd. ("GCCD") and held the last position as the supervisor of the general office.

From October 2009 to September 2011, he served successively as the vice department head and the department head of the general department of Guangzhou Yuexiu City Construction International Finance Centre Co. Ltd. From October 2011 to November 2012, he served as a senior manager of the general office of GCCD. From November 2012 to November 2018, he served in a number of regional companies of the Yuexiu Property Group in Shandong and held the last position as the general manager.

From November 2018 to April 2020, he acted successively as the general manager of the regional companies of the Yuexiu Property Group in North China and East China. From April 2020 to March 2023, he acted as the chairman of the regional companies of the Yuexiu Property Group in North China. Mr. Zhu obtained a higher education certificate in financial accounting from Guangdong University of Petrochemical Technology in the People's Republic of China (the "PRC") in July 1996.

He further obtained a bachelor's degree in administrative management through correspondence learning from Guangdong Polytechnic Normal College (currently known as Guangdong Polytechnic Normal University in the PRC in January 2008. Mr. Zhu completed a postgraduate course in professional business management from the postgraduate school of Ocean University of China in 2021. Since November 2003, Mr. Zhu has been a qualified intermediate economist specialising in commercial economy.

Mr. Zhu has also qualified as a senior economist specialising in construction and real estate economics in 2023.