The board of directors of Guangdong-Hong Kong Greater Bay Area Holdings Limited announced that Mr. Luo Jieping ("Mr. Luo) has been appointed as an executive Director, the chairman of the Board, a member of the nomination committee of the Board and the authorised representative of the Company, effective from 20 July 2023. Mr. Luo Jieping, aged 41, has been appointed as an executive Director, the chairman of the Board, a member of the Nomination Committee and the Authorised Representative, effective from 20 July 2023. Mr. Luo graduated from Zhongnan University of Economics and Law with a Bachelor's degree in Economics in June 2003, and obtained his Master of Laws degree from Wuhan University in June 2011.

Mr. Luo joined the Communist Party of China in December 2000. Mr. Luo has been the vice general manager and the party member of Shenzhen Smart City Technology Development Group Co. Ltd. since May 2021.

Mr. Luo served as the director of the Office of Shenzhen Finance Bureau (Comprehensive Approval Department) from July 2019 to May 2021, and as the director of Shenzhen Finance Bureau Treasury Payment Center from November 2018 to July 2019. Mr. Luo had been the director of the Electronic Tax Management Center of Shenzhen Local Taxation Bureau from February 2018 to November 2018, and served as the deputy director of the Electronic Tax Management Center of Shenzhen Local Taxation Bureau from July 2015 to February 2018. Mr. Luo successively served as a staff member, deputy chief staff member and chief staff member of the Office of Shenzhen Local Taxation Bureau from September 2005 to July 2015, and served as a staff member of the Comprehensive Department of Shenzhen Finance Bureau and a staff member of the Office of Shenzhen Finance Bureau from July 2003 to September 2005.

Mr. Luo is the son-in-law of Mr. Zeng Yunshu ("Mr. Zeng"), an executive Director, the chairman of the Board, a member of the Nomination Committee and the Authorised Representative (Mr. Zeng is re-designated to a non-executive Director with effect from 20 July 2023. The Company has entered into a service agreement with Mr. Luo in relation to his appointment as an executive Director, the chairman of the Board, a member of the Nomination Committee and the Authorised Representative for a term of three years commencing on 20 July 2023, subject to retirement by rotation and re-election in accordance with the articles of association of the Company. The Board hereby announced that, Mr. Zeng is re-designated from an executive Director to a non-executive Director and resigns as the chairman of the Board, a member of the Nomination Committee and the Authorised Representative, effective from 20 July 2023.

Mr. Zeng Yunshu, aged 70, Mr. Zeng had been appointed as the co-chairman of the Board, an executive Director, a member of the Nomination Committee and the Authorised Representative since October 2019 and resigned as the co-chairman of the Board in January 2022. From 27 June 2022 to 20 July 2023, Mr. Zeng served as the chairman of the Board. He has been engaged in business for over 20 years and is a senior economist.

He has successfully established a number of enterprises with proven experience in property development and management. Mr. Zeng was the chairman of the board from January 2007 to November 2011 and an executive director from January 2007 to June 2012 of Hong Long Holdings Limited (now known as Suncity Group Holdings Limited) (stock code: 1383.hk). Mr. Zeng worked at Shenzhen Petrochemical Industry (Group) Co.

Ltd. and domestically associated enterprise in Shenzhen in 1991. From 1981 to 1990, Mr. Zeng served at various departments of the Xingning and Meizhou municipal governments. Mr. Zeng was the Standing Committee Member of the Meizhou CPPCC, and currently holds positions at a number of organizations and associations, including vice president of Shenzhen Charity Federation, honorary president of Guangdong Hakka Chamber of Commerce, permanent honorary president of Shenzhen Ningjiang Cultural Promotion Association and permanent honorary president of Shenzhen Hongli Charitable Foundation.

Mr. Zeng has received numerous honors, such as "Yiju Top 30 Real Estate Pioneers of Shenzhen" and "Gold Award for Personal Charitable Donations in Pengcheng". As at the date of this announcement, Mr. Zeng is a director of each of Solid Wealth Holdings Limited, Ruixinhaide Holdings Limited and China Guangdong - Hong Kong Greater Bay Area Holdings Limited, each of which is a controlling shareholder of the Company. Mr. Zeng is the father-in-law of Mr. Luo, who is appointed as an executive Director, the chairman of the Board, a member of the Nomination Committee and the Authorised Representative with effect from 20 July 2023.