E-Star Commercial Management Company Limited announced that, with effect from 4 May 2023, Mr. Chen Qunsheng has been appointed as the chief executive officer of the Company (the "Chief Executive Officer") and Shenzhen Galaxy Commercial Property Group Co. Ltd., an indirect wholly-owned subsidiary of the Company. Mr. Chen is mainly responsible for the overall business directions as well as the daily operation and management of the Group.

Mr. Chen Qunsheng aged 45, has extensive experience in the operation and management of commercial properties. Prior to joining the Group, from July 2000 to September 2017, he was employed by China Resources Land Limited, with his last position as the deputy general manager of commercial property business division of China Resources Land Limited. From October 2017 to June 2020, Mr. Chen served as an executive director of Shanghai Xintiandi Commercial Management Co.

Ltd. and the chairman of Fung Cheng Property Co. Ltd., both companies were indirect wholly-owned subsidiaries of Shui On Land Limited. From June 2021 to April 2023, Mr. Chen was appointed as an independent non-executive director of Nayuki Holdings Limited.

Mr. Chen received a bachelor's degree in economics from Wuhan University in July 2000.