Litu Holdings Limited announced the following changes in the composition of the Board: Mr. Deng Wei Chao (Mr. Deng') has tendered his resignation as executive director with effect from 16 April 2024 to focus on his other roles and responsibilities in the Group on the subsidiary level. Mr. Deng has confirmed to the Board that he has no disagreement with the board and there is no other matter in respect of his resignation that needs to be brought to the attention of the shareholders of the company. The board announced that Ms. Chen Lin Lin Caddie (Ms. Chen) has been appointed as an executive director with effect from 16 April 2024.

Ms. Chen, aged 39, is the investment director of the Group and is mainly responsible for overseeing and managing the investment projects of the Group in the People's Republic of China and overseas. She has obtained a bachelor's degree in finance and a master's degree in accounting from Southern Methodist University in 2007 and 2009 respectively. Prior to joining the Group, she was a director of Merryearn Development Limited, a company principally engaged in real estate development and management from July 2020 to April 2024 and was a founding partner of Universal Capital Management Limited.

Ms. Chen has over 10 years of experience in the real estate investment, development, and management industry, and in particular, is experienced in monitoring and overseeing the internal control and compliance of companies in a directorial or managerial role.