Zhaobangji Properties Holdings Limited announced that Mr. Xu Zhicong has been appointed as an executive Director; and Ms. Zhang Yu has been appointed as an executive Director and deputy chief executive officer of the Company, both with effect from 8 September 2023. Particulars of the above new Directors are set out below: Mr. Xu, aged 22, has around four years of experience in investment and management of retail stores which include indoor parks, amusement arcades, and hotels. Mr. Xu is the sole shareholder and legal representative of Shenzhen Zhaobangji Home Travel Hotel Operation Management Company Limited.

Ms. Zhang, aged 40, has around thirteen years of experience in management. She joined Shenzhen Zhaobangji Group Company Limited in 2010 and was appointed in various positions including assistant to chairman, head of human resources, head of finance, general manager of commercial real estate business, deputy chief executive officer and director. She obtained her bachelor degree in psychology in Qufu Normal University in 2007 and her masters degree in psychology in Weifang Medical University in 2010.