Evergrande Property Services Group Limited announced the appointment of Mr. Zhen Litao as an executive Director, chairman of the Board and chairman of the nomination committee of the company with effect from July 8, 2021. Following the appointment of Mr. Zhen, Mr. Zhao Changlong, the existing executive Director and chairman of the Board, will be re-designated as the executive Director, deputy chairman of the Board and general manager of the Company, and will cease to act as the chairman of the Nomination Committee; and Mr. Hu Liang, the existing executive Director and general manager of the company, will be re-designated as the executive Director and executive deputy general manager of the company. Zhen Litao, aged 52, holds a master's degree in business administration and is a registered PRC constructor and senior engineer, and has over 29 years of experience in the development, operation and management of real estate projects. Mr. Zhen joined China Evergrande Group, in 2009 and has served as the chairman of the Changchun company, the Liaoningc company, the Beijing Company and other regional companies of Evergrande Real Estate Group, and as general manager of Evergrande Real Estate Group. He is currently the chairman of Evergrande Property Group, responsible for the daily management of the property group. The appointment of Mr. Zhen as the chairman of the Group demonstrates the importance that China Evergrande attaches to the Group as an important business sector.