Beijing Capital Jiaye Property Services Co., Limited approved the proposed election of Mr. Zhang Weize, Mr. Yang Jun and Mr. Luo Zhou as the candidates for executive Directors of the second session of the Board, proposed election of Ms. Jiang Xin, Mr. Mao Lei and Mr. Li Zuoyang as the candidates for non-executive Directors of the second session of the Board, and proposed election of Mr. Cheng Peng, Mr. Kong Weiping, and Mr. Kong Chi Mo as the candidates for independent non-executive Directors of the second session of the Board. Mr. Yao Xin will retire as an executive Director and a member of the risk and compliance management committee of the Board and will not stand for re-election as an executive Director of the second session of the Board due to other work arrangements, with effect from the date of the 2023 annual general meeting of the Company. The Board has agreed to authorize the remuneration and evaluation committee of the Board to determine the remuneration for the Proposed Directors upon their appointment approved by the AGM, with reference to the Company's performance, the performance and responsibilities of the Proposed Directors, and other relevant factors, except for Ms. Jiang Xin, Mr. Mao Lei and Mr. Li Zuoyang, who will not receive any remuneration from the Group, and authorize the chairman of the Board or any executive Director to enter into the service contracts or appointment letters with the Proposed Directors on behalf of the Company after their appointment is approved by the AGM, and to transact other related matters.

The Company completed the nomination of candidates for Supervisors of the second session of the Supervisory Committee. Mr. Liu Fengyuan will retire as a shareholder representative Supervisor and chairman of the Supervisory Committee and will not stand for re-election as a shareholder representative Supervisor of the second session of the Supervisory Committee as he has reached retirement age, with effect from the date of the AGM. The Board and the Supervisory Committee would like to take this opportunity to express their deep appreciation to Mr. Liu Fengyuan for his contribution during his tenure as a shareholder representative Supervisor.

Ms. Liu Fang will retire as an employee representative Supervisor and will not stand for re-election as an employee representative Supervisor of the second session of the Supervisory Committee due to other work arrangements, with effect from the date of the AGM. Ms. Liu Fang has confirmed that she has no disagreement with the Board and the Supervisory Committee and that there are no other matters that need to be brought to the attention of the Shareholders in connection with her retirement. The Board and the Supervisory Committee would like to take this opportunity to express their deep appreciation to Ms. Liu Fang for her contribution during her tenure as an employee representative Supervisor.

At the employee representative meeting of the Company held on April 12, 2024, Ms. Yang Jie was elected as the employee representative Supervisor of the second session of the Supervisory Committee, whose tenure shall be the same as other Supervisors of the second session of the Supervisory Committee for a term of three years with effect from the date of approval by the Shareholders at the AGM until the expiration of the term of the second session of the Supervisory Committee. Ms. Yang Jie will join the shareholder representative Supervisors elected at the AGM in forming the second session of the Supervisory Committee. Mr. Zhang Weize, aged 54, is the chairman of the Board and an executive Director of the Company, and is the secretary to the party committee of the Company.

He is responsible for the overall work of the Board and the party committee. Mr. Zhang joined the Company in December 2020 when the Company was incorporated and served in his current positions. Currently, Mr. Zhang serves as the chairman of the Nomination Committee, the chairman of the Strategy and Investment and ESG Committee of the Board and a member of the Risk and Compliance Management Committee.

Prior to joining the Company, Mr. Zhang successively served as a deputy general manager and director of Beijing Construction Engineering International Construction Engineering Co. Ltd. from July 1992 to March 2011, primarily responsible for managing market development, external operations, overseas regional management, and presiding over the overall work of the African region; served as a deputy secretary to the party committee, director and general manager of Beijing Construction Engineering Design Co. Ltd. from March 2011 to November 2011, primarily responsible for the overall work of the management; served as a deputy general manager of Beijing Uni.- Construction Group Co.

Ltd. from September 2011 to December 2020, successively responsible for the marketing, operation and management, production, safety, centralized procurement of materials and equipment, property management and overseas business. Mr. Zhang graduated from Harbin Civil Engineering Institute with a bachelor ' s degree in July 1992; and graduated from Tsinghua University with a master's degree in senior management business administration in January 2012. and was awarded the qualification of professorate senior economist by the Beijing Municipal Human Resources and Social Security Bureau in October 2020.

Mr. Zhang has been serving as the vice president of the Beijing Property Management Association since July 2021 and is mainly responsible for assisting the President in discharging his duties. Mr. Yang Jun, aged 55, is an executive Director, general manager and deputy secretary to the party committee of the Company. He is responsible for the overall business operations of the Group.

Mr. Yang joined the Company in December 2020 when the Company was incorporated and served in his current positions. Currently, Mr. Yang also serves as the chairman of the Risk and Compliance Management Committee and a member of the Strategy and Investment and ESG Committee. Mr. Yang successively served as the deputy general manager, general manager and chairman of Beijing Urban Construction Group Properties Co.

Ltd., a subsidiary of the Company, from 2003 to 2021, primarily responsible for real estate development, property management and overall work of the company. Mr. Yang has also successively served as the representative of the 15th and 16th Beijing Haidian District People's Congress from December 2011 to November 2021. Prior to joining the Company, Mr. Yang served as the chief engineer and deputy manager in the real estate department of Beijing Urban Construction Engineering Co.

Ltd. from July 1991 to October 1998, primarily responsible for project management and operation; served as a project manager in Beijing Urban Construction Real Estate Development Co. Ltd. from November 1997 to February 2003, primarily responsible for real estate development.