The board of directors of Royale Home Holdings Limited announced that Mr. Yang Jun ("Mr. Yang") has resigned as the chairman of the Board (the "Chairman"), an executive Director of the Company with effect from 1 December 2023 due to his other business commitments. The Board announced that Mr. Lin Ruhai ("Mr. Lin") has been appointed as the Chairman, an executive Director with effect from 1 December 2023. Mr. Lin Ruhai, aged 41, is currently the chairman of the board of directors of Guangzhou Science City Venture Capital Co.

Ltd., which is a subsidiary of Science City (Guangzhou) Investment Group Co. Ltd., a controlling shareholder of the Company. He was also the general manager of the same company from 2018 to 2023.

From 2016 to 2018, he was the deputy general manager of the financial department of Guangzhou Hi-tech Investment Group Co. Ltd. and the general manager of Guangzhou Guoju Risk Investment Co. Ltd. He worked with China Construction Bank (Guangzhou Development Zone Branch) as a client manager from 2006 to 2016.

Mr. Lin has over a decade of experience in corporate management and equity investment. Mr. Lin graduated from Zhejiang Normal University in the People's Republic of China (the "PRC") with a bachelor's degree in management (major in business administration) in 2018 and holds the qualification of a licensed fund practitioner in the PRC. The Board announced that Ms. Qin You ("Ms. Qin") has resigned as a non-executive Director with effect from 1 December 2023 due to her other business commitments.

The Board announced that Ms. Yang Ying ("Ms. Yang") has been appointed as a non-executive Director with effect from 1 December 2023. Ms. Yang Ying, aged 42, has worked with Science City (Guangzhou) Investment Group Co. Ltd., a controlling shareholder of the Company, as a deputy general manager of the legal and risk management (compliance management) department from 2021 to 2023 and a senior manager of the asset operations management department from 2018 to 2021, respectively.

She was a legal manager of SYNSUN Health Enterprises Co. Ltd. from 2017 to 2018. From 2006 to 2017, she held the position of legal director (intellectual property management) at Guangdong Revenco Enterprises Co.

Ltd. She was a legal assistant at Heungkong Group Co. Ltd. from 2004 to 2006. Ms. Yang has over 20 years of experience in practicing company law.

Ms. Yang graduated from Zhongnan University of Economics and Law in the PRC with a bachelor's degree in law in 2003. She was awarded a master's degree in law (major in civil and commercial law) by Sun Yat-sen University in the PRC in 2011. She holds the Legal Professional Qualification awarded by the Ministry of Justice of the PRC.