The Board of Beijing Properties (Holdings) Limited announced that Mr. Siu Kin Wai no longer holds the position of General Manager of the Company with effect from 2 July 2024. Mr. Fang Bin has been appointed as General Manager of the Company with effect from 2 July 2024. Mr. Siu Kin Wai, aged 56, was appointed an executive director of the Company since July 2009.

Mr. Siu graduated from the City University of Hong Kong with a Bachelor's degree in Accountancy and is fellow members of the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England and Wales. Mr. Siu has extensive experience in corporate management. Mr. Siu is a director of Brilliant Bright Holdings Limited, which is a controlling shareholder of the Company.

Mr. Siu is the non-executive director of CAQ Holdings Limited (CAQ), a company listed on the Australia Stock Exchange with Listing Corporation Code of CAQ since April 2015, an executive director of Beijing Health (Holding) Limited (BJ Health) since May 2017, a director of MillenMin Ventures Inc. (MVM), an independent non-executive director of Orient Securities International Holdings Limited since September 2017, respectively. Mr. Siu was appointed an independent non-executive director of Golden Century International Holdings Group Limited on 22 March 2023 and has resigned from this position with effect from 18 March 2024. Mr. Siu served as an independent non-executive director of Agritrade Resources Limited during the period from 24 August 2010 to 9 June 2021.

Mr. Fang Bin, aged 45, obtained a Bachelor's degree in management studies from University of Science and Technology of China and a Master's degree in accounting from Dongbei University of Finance and Economics. Mr. Fang obtained a technical title of senior accountant and the professional qualification of certified public accountants in China and is also a fellow member of the Association of Chartered Certified Accountants. Mr. Fang currently serves as the financial controller of Beijing Enterprises City Development Group Limited ("BE City Development"), which is a substantial shareholder of the Company and is a wholly owned subsidiary of Beijing Enterprises Group Holdings Company Limited ("BE Group").

Mr. Fang held various positions in the finance department at different trading and shipping companies in China from 2004 to 2017. In 2017, Mr. Fang joined the BE Group and was assigned as the financial controller of a subsidiary, Beijing Enterprises Real-Estate Group Limited. Subsequently, he was reassigned to be the financial controller of the BE City Development in March 2024.

Mr. Fang has more than 20 years of financial management and corporate governance experience.