The board of directors of Redsun Properties Group Limited announced that Mr. Zeng Junkai and Mr. Lui Wai Pang have resigned as (i) an executive Director and a member of the remuneration committee of the Board; and (ii) an executive Director and a member of the nomination committee of the Board, respectively, with effect from 2 July 2024 in order to devote more time to their personal commitments. The Board announced that Mr. Chen Bin, Executive President of the Company, has been appointed as an executive Director and a member of the remuneration committee of the Board with effect from 2 July 2024. Mr. Chen Bin, Executive President of the Company, aged 55, obtained a bachelor's degree in refrigeration engineering from Tianjin University of Commerce and a master's degree in Engineering Management from Shanghai Jiao Tong University.

From June 2006 to November 2013, Mr. Chen served as the general manager of the Wuxi Project of Vanke Real Estate in Southern Jiangsu, where he also served as the executive deputy general manager. From December 2013 to February 2018, he successively served as the regional executive deputy general manager of Shanghai Regional Business Department of CIFI Holdings and the general manager of Qingdao Business Department in Pan-Shandong region of CIFI Holdings. He served as the Company's assistant president from March 2018 to March 2019 and served as the Company's vice president of the Company from March 2019 to February 2024.

He has been serving as Executive President of the Company since February 2024.