SRE Group Limited announced that with effect from 11 July 2023, Mr. Hong Zhihua resigned as an executive director due to other work arrangements. With effect from 11 July 2023, Mr. Hong has also ceased to act as chairman of the Board, chairman of the Nomination Committee and the Investment Committee of the Company, authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong and authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. With effect from 11 July 2023, Mr. Qin Guohui has been appointed as an executive director, chairman of the Board, chairman of the Nomination Committee and the Investment Committee of the Company, Process Agent and Authorised Representative in replacement of Mr. Hong.

Mr. Qin, aged 46, has extensive experience in legal compliance and corporate governance. He has been serving as the secretary of the board of directors and the vice president of China Minsheng Investment Corp. Ltd., a controlling shareholder and ultimate holding company of the Group since June 2022.

Prior to that, Mr. Qin served the position of assistant to the general manager and legally responsible person of the legal and compliance department of China Pacific Insurance (Group) Co. Ltd. from August 2007 to August 2012. He served as the general manager of the legal compliance and risk management department and legally responsible person of BOCOM MSIG Life Insurance Company Limited, currently known as, a subsidiary of Bank of Communications Co.

Ltd., a company listed in Hong Kong Stock Exchange with stock code: 03328) from August 2012 to August 2015. He was the managing director of Shanghai Baomao Investment Group Co. Ltd., currently known as from August 2015 to November 2018.

He served as the legal director of YANGO Holdings CO. Ltd. and the vice president of YANGO Investment Group Co. Ltd. from November 2018 to June 2022.

Mr. Qin obtained a bachelor's degree in economic law from Peking University in June 1999. He obtained a master's degree and a doctor's degree in civil and commercial law from the China University of Political Science and Law in June 2002 and June 2005, respectively. Mr. Qin obtained his lawyer qualification from the Ministry of Justice of the People's Republic of China in 1999 and was qualified to practice as a securities professional and funds professional from the relevant industry associations in the PRC in 2004 and 2005, respectively.