Zhaobangji Lifestyle Holdings Limited announced that Mr. Kwan Kin Man Keith ("Mr. Kwan") has tendered his resignation as executive Director with effect from 4 June 2024 due to his decision to devote more time to his other business commitments. Mr. Kwan will continue to act as the company secretary and authorized representative of the Company. Mr. Kwan has confirmed that he has no disagreement with the Board, and there is no matter in respect of his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.

Mr. Yin Ying Cai ("Mr. Yin") has been appointed as an executive Director. Mr. Yin, aged 41, graduated from the China University of Geosciences (Wuhan) with a bachelor degree in civil engineering in 2009. Between June 2009 to August 2011, he worked in the budgeting department of Beijing Tianqing Real Estate Development Company Limited.

Between August 2011 to April 2018, he worked was the procurement cost department manager and key project execution manager for China Resources Land. Between April 2018 to February 2020, he was the procurement general manager of Hainan area for Kaisa Group. Between February 2020 to March 2023, he was the cost and procurement general manager for Hazens Group.

From September 2023 to present, he was the rotating chief executive officer, cost and procurement general manager, assistant to chairman for Shenzhen Zhaobangji Group. Under the letter of appointment entered into between Mr. Yin and the Company, the appointment will take effect on 4 June 2024 for a term of one year. His directorship in the Company is subject to retirement and re-election at general meetings of the Company in accordance with the articles of association of the Company.