The board of directors of Hopefluent Group Holdings Limited announces that Mr. Zhu Rongbin has resigned from the position of an executive director of the Company, the chairman of the Board and member and chairman of the nomination committee of the Company with effect from 31 May 2024 as he wishes to devote more time to his other personal commitments. The Company has decided to engage Mr. Zhu as its consultant due to his extensive management experience and expertise. Mr. Zhu will continue to make suggestions and contributions to the development of the Company.

The Board announced that Mr. Huang Peng ("Mr. Huang") has been appointed as a non-executive director of the Company with effect from 31 May 2024. Mr. Huang, aged 41, has been the executive president of Country Garden Services Holdings Company Limited ("CGS" and together with its subsidiaries, the "CGS Group"), a company listed on the Main Board of the Stock Exchange with stock code 6098 and a substantial shareholder of the Company, since October 2023. He has been the chief financial officer of CGS since September 2016 and a joint company secretary of CGS since March 2018 till 3 April 2024.

He is primarily responsible for the implementation and management of new strategic incubation business (i.e. city services, commercial operational services, Three Supplies and Property Management, real estate agency services, asset management and other new businesses), financial management and significant investment management of the CGS Group. Mr. Huang also serves as a director and supervisor of certain members of the CGS Group. Mr. Huang graduated from Huazhong University of Science and Technology in the PRC in June 2005, where he obtained a bachelor's degree in transportation.

He graduated from Guanghua School of Management of Peking University in the PRC with a master's degree in business administration in July 2012. He is currently taking the course for Executive Master of Business Administration (EMBA) at Cheung Kong Graduate School of Business in the PRC. He became a PRC Certified Public Accountant certified by the Certified Public Accountant Examination Committee of the Ministry of Finance in December 2014.

The Board further announced that following Mr. Zhu's resignation and with effect from 31 May 2024, Mr. Fu Wai Chung, an existing executive director of the Company and former Chairman, has succeeded Mr. Zhu as the Chairman; Mr. Fu Ear Ly has ceased to be vice chairman of the Board but remains as a non-executive director of the Company; and Mr. Fu has been appointed as a member and the chairman of the Nomination Committee.