The board of directors of Kaisa Health Group Holdings Limited announced that Mr. Zhang Huagang (Mr. Zhang) has resigned as the chairman of the Board and the chairman of the nomination committee of the company and remained as an executive Director with effect from 10 October 2022 in order to devote more time to other business engagements. Mr. Kwok Ying Shing (Mr. Kwok), an executive Director, has been appointed as the Chairman of the Board and the chairman of the Nomination Committee with effect from 10 October 2022. Mr. Kwok Ying Shing, aged 57, has been appointed as an executive Director, the Chairman of the Board and the chairman of the Nomination Committee with effect from 26 February 2019.

Mr. Kwok resigned as the Chairman of the Board and the chairman of the Nomination Committee and remained as an executive Director from 9 April 2020. Mr. Kwok is the chairman, an executive director, the chairman of the nomination committee and a member of the remuneration committee and a substantial shareholder of Kaisa Group Holdings Ltd., a company listed on the Stock Exchange of Hong Kong Limited, and a controlling shareholder of the company. Mr. Kwok has extensive experience in real estate development, investment and financing management.

Mr. Kwok is also the chairman and an executive director of Kaisa Capital Investment Holdings Limited, a company listed on the Stock Exchange, and the co-chairman and an executive director of Sing Tao News Corporation Limited.