The board of directors of Sundy Service Group Co. Ltd. announced that Ms. Zhu Jin ("Ms. Zhu"), due to having reached her retirement age, has resigned as chief executive officer of the Company (the "Chief Executive Officer") and ceased to act as an authorised representative of the Company (the "Authorised Representative"), with effect from 2 June 2023. Mr. Zhu, aged 53, joined the Group in February 2020.

From February 2020 to March 2021, he served as the manager for the public opinions and affairs of property management at Hangzhou Sundy Property Management Co. Ltd. Since April 2021, he has been the business manager at Hangzhou Herui Living Service Co. Ltd. Since joining the Group, he has been mainly responsible for the Group's public opinion management, and as the person in charge of the commercial management of the Group's future community pilot of Caihe Street, Shangcheng District, Hangzhou.

Mr. Zhu has more than 20 years of experience in finance and related field. From January 1995 to September 1997, he worked as a broker, trader and market representative of Chengdu Mercantile Exchange at Zhejiang Zhongsheng Futures Brokerage Co. Ltd. and Zhejiang Yuantong Futures Brokerage Co.

Ltd. where he was mainly responsible for futures investment and trading management. From October 1997 to January 1998, he was seconded to China Securities Regulatory CommissionNingbo Office (currently known as Ningbo Securities Regulatory Commission where he was mainly responsible for the supervision and management of the securities firms in Ningbo. From June 1998 to November 2009, he workedas a project manager at Ningbo Tiantian Scheming Service Co.

Ltd. where he was mainly responsible for the scheming and consultation services in company shareholding structure reformation and pre-listing work for over 20 companies. From December 2009 to July 2015, he worked as an investment consultant at the Hangzhou Yanggongdi Securities Sales Department of Zhongshan Securities Co. Ltd. where he was mainly responsible for securities investment consultation, institutional business management and futures introducing broker (IB) business management.

From July 2015 to September 2016, Mr. Zhu worked as the general manager at Hangzhou Juyi Investment Management Co. Ltd. where he was mainly responsible for private equity investment fund management. From September 2016 to October 2017, he worked as the deputy general manager of the investment banking department III at Ping An Bank Wenzhou Branch, where he was mainly responsible for investment banking business management.

Mr. Zhu obtained a bachelor of electrical system and automation degree from Zhejiang University in July 1991. Following Ms. Zhu's resignation, the Board announced that Mr. Zhu Yihua has been appointed as the Chief Executive Officer with effect from 2 June 2023.