Zhong An Intelligent Living Service Limited announced that Mr. Lu Jianguo has resigned as an executive Director due to his retirement. His resignation takes effect from the date of this announcement. Following Mr. Lu's resignation, Mr. Yang Guang and Mr. Ding Lei have been appointed as executive Directors with effect from 25 August 2023.

Mr. Yang has also been appointed as the chief executive officer of the Company with effect from the same day. Following the appointment of Mr. Yang, Mr. Sun Zhihua, the executive Director, has been redesignated from the chief executive officer to the vice- chairman of the Board. Mr. Yang, aged 44, has joined the Group as a general manager since 3 January 2023.

Prior to joining Group, Mr. Yang was the executive president and executive director of Redsun Services Group Limited (stock code: 1971) from December 2019 to September 2022, where he joined as the vice president in January 2019. From September 2016 to January 2019, Mr. Yang was promoted from the general manager of the Beijing branch to the vice general manager of the Sunan branch and eventually to the general manager of the Nanjing branch, Hefei branch and Xuzhou branch of Longhu Property Service Group Co. Ltd. Mr. Yang was also the vice general manager, the Changzhou branch general manager, and the Nanjing branch general manager of Xin Cheng Yue Property Management Services Co.

Ltd. between July 2014 and September 2016. From June 2013 to August 2014, Mr. Yang was the vice general manager of the Taizhou Wanda Commercial Plaza Management Co. Ltd. Prior to that, Mr. Yang joined Nanjing Red Star International Furniture Decoration City Co.

Ltd. as the department head of the property department in September 2007 and Nanjing China Merchants Property Management Co. Ltd. as the manager of from July 1999 to May 2005. Mr. Yang has approximately 24 years of experience in property management services and is a qualified National Property Management Enterprise Manager.

Mr. Yang received a graduation certificate for the completion of the tourism management course at Nanjing Normal University in the PRC in 2009. Mr. Ding, aged 42, has been appointed as a general manager of Wanlu region of the Group since March 2021. Mr. Ding is responsible for the operations, investment and quality control of projects in Wanlu region, covering Anhui province and Shandong province.

He is also the director of Anhui Zhongan Property Management Co. Ltd. and Hefei Green Harbor Property Management Co. Ltd. which are subsidiaries of the Company.

Mr. Ding has over 16 years of experience in the property management industry. From July 2006 to July 2009, Mr. Ding worked as quality control officer of Zhejiang Zhong An Property Management Co. Ltd., where he was primarily responsible for quality control operation.

He left the Zhong An Group Limited and its subsidiaries ("Zhong An Group") in July 2009 and worked as a quality control manager at Zhejiang Nade Property Management Co. Ltd. June 2010 and was primarily responsible for quality control and system implementation. Mr. Ding re-joined the Zhong An Group in June 2010.

From June 2010 to March 2016, he worked as a property manager of Zhong An Management, where he was primarily responsible for operation and management of property management projects. From March 2016 to January 2018, Mr. Ding worked as deputy general manager of Anhui Zhongan Property, where he was primarily responsible for overseeing the property management business in Huaibei region. From January 2018 to April 2019, Mr. Ding worked as a general manager of Anhui region of Zhong An Management, where he was primarily responsible for the management of the Huaibei and Hefei branch offices.

From April 2019 to March 2021, Mr. Ding worked as a deputy general manager of Zhong An Management, where he was primarily responsible for day-to-day operation and management of the property management business of the Zhong An Group. From September 2020 to March 2021, Mr. Ding also undertook the responsibility as general manager of Wanlu region of Zhong An Management, where he was primarily responsible for its operation and management of property management business in Anhui and Shandong regions. Since May 2019, Mr. Ding has also been serving as director and general manager of Anhui Zhongan Property and Hefei Green Harbor, where he is primarily responsible for their daily operation and management.

Mr. Ding obtained a diploma in administrative management from University of International Business and Economics via distance learning in July 2018.