The Board of SF Real Estate Investment Trust announced the following changes with effect from 30 June 2022: Mr. LEONG Chong resigned as a non-executive director of the REIT Manager; Ms. OOI Bee Ti was appointed as a non-executive director of the REIT Manager; Ms. NG Wai Ting, a non-executive director of the REIT Manager, ceased to act as the chairman and a member of the investment committee of the REIT Manager; and Mr. HO Chit, a non-executive director of the REIT Manager, was appointed as the chairman and a member of the investment committee of the REIT Manager. Ms. OOI, aged 50, has extensive experience in corporate finance, treasury management and financial services. She is the head of corporate treasury of S.F. Holding Co.

Ltd. (SFH, the controlling unitholder of SF REIT and a company listed on the Shenzhen Stock Exchange) and is the general manager of (SF Digital Technology (Shenzhen) Technical Service Co. Ltd.), a subsidiary of SFH. She is also the chairman of (SF Holdings Group Finance Co.

Ltd.) and (SF Insurance Broker (Shenzhen) Co. Ltd.), both being subsidiaries of SFH and holder of licenses issued by (China Banking and Insurance Regulatory Commission). Prior to joining SFH in September 2010, Ms. OOI worked for Huawei Technologies Co.

Ltd. as the director of regional treasury management at the head office and the head of treasury at Asia Pacific regional office from 2006 to 2010 and also worked for several large European and American multinational companies in the areas of corporate finance and treasury management from 1996 to 2006. Ms. OOI did not hold any directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years immediately preceding the date of this announcement.