The board of directors of Ronshine Service Holding Co. Ltd. announced that Mr. Ma Xianghong ("Mr. Ma") has tendered his resignation as chief executive officer of the Company (the "CEO") with effect from 29 April 2024 in order to devote more time to his other business commitments. Thereafter, Mr. Ma will cease to hold any position in the Group.

The Board announced that following the resignation of Mr. Ma as the CEO, Mr. Ou Guofei ("Mr. Ou"), an executive Director and the chairman of the Board (the "Chairman"), has been appointed as the CEO with effect from 29 April 2024. Mr. Ou Guofei, aged 31, has been an executive Director and the Chairman since 12 September 2023. He has successively assumed various roles, including as the general manager of the capital center and the general manager of the marketing management center of Ronshine China Holdings Limited since July 2015.

He is currently the group assistant president of Ronshine China and president of the Shanghai-Jiangsu regional company, and holds a bachelor's degree in economics. He has extensive experience in real estate investment, development and business operation management. He is the son of Mr. Ou Zonghong, one of the controlling Shareholders.