Mr. Pan, aged 52, joined the Group as a non-executive Director on 24 August 2023 and was re-designated as an executive Director on 24 December 2024. He is primarily responsible for the provision of guidance for the overall development of the Group. He has been the investment banking division director of Jiangsu Ruihua Investment Holding Group Co., Limited, a substantial shareholder of the Company, since 2009, and is mainly responsible for asset management and investment decision making. Mr. Pan worked at a number of asset management companies, including Qide Investment Management Co., Ltd., Dinghui Investment Fund Management Company and Jiangsu Venture Capital Co., Ltd.. Mr. Pan was a director of Nanjing Zhizhen Electronic Technology Corp.（listed on The National Equities Exchange and Quotations, stock code: 873008) from 2016 to 2023, and he was a director of Jiangsu Hoperun Software Company Limited(listed on the GEM Board of the Shenzhen Stock Exchange, stock code: 300339) from 2017 to 2020 and a supervisor of Jiangsu Carephar Pharmaceutical Co., Ltd.(listed on The National Equities Exchange and Quotations, stock code: 870447) from 2016 to 2019. Mr. Pan graduated from Southeast University with a master’s degree. He has more than 25 years of experience in asset management and investment.

Mr. Yao, aged 57, was appointed as a non-executive Director on 24 August 2023. Mr. Yao has extensive experience in administration management. Mr. Yao iscurrently the chief executive officer of Jiangsu Ruihua Investment Holding Group Co.,Limited*（江蘇瑞華投資控股集團有限公司） (“Ruihua Investment”), and is mainlyresponsible for the daily operation of the group. Prior to joining Ruihua Investment in 2018,Mr. Yao worked for Tiandi Real Estate Company*（天地房地產公司）, Nanjing Bailu LakeReal Estate Development Co. Ltd.*（南京白鷺湖房地產開發有限公司）, Nanjing QilinVilla Development Co. Ltd.*（南京麒麟山莊開發有限公司） and Fullshare Group from2004 to 2018. From 1987 to 2004, Mr. Yao worked at Factory 518 of the Ministry of Postsand Telecommunications of the People’s Republic of China （中國郵電部518廠） (currentlyknown as Nanjing Putian Telecommunications Co., Ltd.*（南京普天通信股份有限公司）)(listed on the Shenzhen Stock Exchange, stock code: 200468). Mr. Yao graduated fromNanjing University of Aeronautics and Astronautics, majoring in materials engineering.

Ms. Zhang, aged 44, is appointed as a non-executive Director of the Company in December 2024. She has over 15 years of experience in equity research. Ms. Zhang has been working in the research department at Ruihua Investment since 2007 and is currently the general manager of that department where she is primarily responsible for providing recommendations for feasible investments through macroeconomic and industry research. Ms. Zhang graduated from Nanjing University of Science and Technology in 2007 with a master’s degree in finance.

Mr. Liu Yonggang, aged 45, joined the Company in February 2025 as a president. He has over 20 years of experience in corporate strategy and operational management in the property management and real estate industries. Mr. Liu joined Jilin Province Xinpeng Group in 2000-2021 as the secretary of the president. Mr. Liu joined Changchun Wanke Real Estate Development Company Limited from 2001 to  2007 as the project general manager. Mr. Liu joined China Overseas Property Management Company Limited from 2007 to 2011 as the executive vice general manager and professional management director for the Northern Region. Mr. Liu joined Yatai Real Estate Group from 2011 to 2017 as the general manager of its subsidiary. Mr. Liu joined Roiserv Lifestyle Services Co., Ltd. from 2017 to 2022, a company listed on the Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (Stock Code: 2146), where he served as the executive director and general manager, and was responsible for leading the successful completion of IPO of the company and developing industry benchmark innovative community commercial models. Mr. Liu joined Beijing China Railway Intelligent Life Technology Service Co. Ltd. from 2022 to 2024 as the general manager.

Mr. Liu obtained his diploma in Accounting with Computing from Changchun University of Technology in 2000, and his bachelor’s degree Accounting from Beijing Technology and Business University in 2003. Mr. Liu has received numerous industry accolades, including recognition as Top 30 CEOs in China’s Property Industry in 2020 issued by E-House Financia  in 2020, and Top 10 CEOs in China’s Property Industry in 2021 issued by E-House Financia in 2021.

Ms. Fan Xingxia，Born in 1979，is our Group’s vice president and is in charge of our residential property affairs department. Ms. Fan joined our Group in August 2003 and was appointed as our vice president subsequently. She has over 15 years of experience in the real estate industry in the PRC. Ms. Fan received her diploma in administration management from the Southwest University of Science and Technology in the PRC (which was a long distance learning course) in July 2013. She has obtained her professional qualification as property manager from the Ministry of Human Resources and Social Security Department of the PRC in September 2011.

Ms. Zhou Guihua, born in 1977, is the Group’s vice president and is in charge of the Group’s Xincheng business unit. Ms. Zhou joined the Group in July 2019 and was appointed as the vice president subsequently. Prior to joining the Group, Ms. Zhou worked as the general manager in Nanjing Baishi Property Management Co., Ltd. from May 2014 to July 2019 where she was responsible for the overall business planning and daily management and operation. Ms. Zhou received her master’s degree in business administration from the Southeast University in the PRC in July 2011. Ms. Zhou obtained her professional qualifications from the Ministry of Human Resources and Social Security of the PRC as a corporate human resources manager (Grade 2) in 2008, a certified property manager in 2013, and an economic professional in 2019.