Greentown Service Group Co. Ltd. announced that Ms. Li Hairong has resigned from her position as the Chairman of the Board and the Authorised Representative due to personal reasons, and has been re-designated as a non executive Director and Mr. Yang Zhangfa has been appointed as the Chairman of the Board and the Authorised Representative. Mr. Yang has been the executive Director since 27 November 2015. He was appointed as the chief executive officer of the Company with effect from 27 November 2015, and was appointed as the vice Chairman of the Board and ceased to be the chief executive officer of the Company with effect from 23 March 2018. He was appointed as the Chairman of the Board and ceased to be the vice Chairman of the Board with effect from 30 December 2021. Mr. Yang joined Group in February 2002 and has served in various positions in Greentown Property, including an assistant to general manager from April 2002 to March 2003, the vice general manager from March 2003 to February 2008, the executive vice general manager from February 2008 to January 2009, the executive general manager from January 2009 to February 2011, the general manager from February 2011 to March 2018, the director from May 2006 to May 2019, and the chairman since May 2019. He is also the chairman of Greentown Real Estate Consulting Group Co. Ltd. and is in charge of its development strategy and strategic planning.