Zhenro Services Group Limited — Board/Management Information 2020

Nov 8, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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ZHENRO SERVICES GROUP LIMITED 正榮服務集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6958)

CHANGE OF DIRECTORS

The Board hereby announces the following changes with effect from 6 November 2020:

1. the resignation of Mr. Huang Sheng as an executive Director; and

2. the appointment of Mr. Lin Xiaotong as an executive Director.

This announcement is made by Zhenro Services Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.51(2) of the Rules (the “ Listing Rules ”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

RESIGNATION OF EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”) of the Company announces that Mr. Huang Sheng (“ Mr. Huang ”) has resigned as an executive Director with effect from 6 November 2020 in order to pursue his other personal career development plans.

Mr. Huang confirmed that as at the date of this announcement, (i) he does not have any claim against the Company in respect of his resignation; (ii) he does not have any disagreement with the Board; and (iii) there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange.

The Board would like to take this opportunity to extend its gratitude to Mr. Huang for his valuable contribution to the Company during his tenure of service.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Lin Xiaotong (林曉彤) (“ Mr. Lin ”) has been appointed as an executive Director with effect from 6 November 2020. The biography of Mr. Lin is set out below.

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Biographical Details of Mr. Lin

Mr. Lin , aged 57, was appointed as an executive Director of the Company on 6 November 2020. Mr. Lin has more than 30 years of experience in engineering management and company operation management related matters. Mr. Lin graduated from the Fujian University of Technology located in Fuzhou city, Fujian province in the People’s Republic of China (“ PRC ”) in July 1983. He also obtained an Executive Master of Business Administration degree from Tsinghua University in the PRC in July 2010.

From August 1983 to March 1997, Mr. Lin assumed the role of a teacher at the Fujian University of Technology, which is a full-time undergraduate college in the Fujian province and one of the first batch of pilot universities for the “Outstanding Engineer Education and Training Program” by the Ministry of Education of the PRC. During this period, Mr. Lin was in charge of the teaching of engineering management. From March 1997 to October 2002, Mr. Lin served as the head of the real estate development station of Fuzhou Construction Bureau, which is a functional department established by the Fuzhou Municipal Government. From October 2003 to March 2012, Mr. Lin had taken up positions such as the branch general manager and the vice president of Fujian Jindi Group, a private enterprise engaged in property development in the PRC. Mr. Lin further served as the general manager of Fuzhou Shiou Property Development Co., Ltd.* (福州世歐房地產業公司) from March 2012 to May 2014.

In May 2014, Mr. Lin joined Zhenro Properties Group Limited (正榮地產集團有限公司), a company listed on the Stock Exchange (stock code: 6158) and held various senior management positions within its subsidiaries. During the period from May 2014 to February 2018, Mr. Lin acted as the general manager of Zhenro (Fuzhou) Real Estate Development Co., Ltd.* (正榮（福 州）置業發展有限公司). From February 2018 to July 2018, he was an assistant to the president at Zhenro Properties Holdings Company Limited (正榮地產控股股份有限公司) (“ Zhenro Properties Holdings ”) and he was also a general manager at Zhenro (Tianjin) Real Estate Development Co., Ltd.* (正榮（天津）置業發展有限公司). From July 2018 and until immediately prior to joining the Company in November 2020, Mr. Lin had served as the vice president of Zhenro Properties Holdings and later as the general manager of the Bohai Rim Region of Zhenro Properties Holdings.

Mr. Lin has entered into a service contract with the Company for a term of three years commencing from 6 November 2020, and is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the memorandum and articles of association of the Company. Pursuant to the service contract, Mr. Lin will be entitled to receive an annual remuneration (including salary, bonus and contributions to retirement benefits scheme) of approximately RMB2,250,000 which shall be subject to annual review by the Board and the remuneration committee of the Company.

As at the date of this announcement, Mr. Lin does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as otherwise disclosed and as at the date of this announcement, Mr. Lin does not hold any directorship in any other listed public company in the last three years preceding the date of his appointment, and does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company.

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As at the date of this announcement, save as disclosed above, to the best knowledge of the Board, there is no other information which is required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and there are no other matters in relation to the appointment of Mr. Lin that need to be brought to the attention of the shareholders of the Company.

The Board would like to extend its warm welcome to Mr. Lin for his appointment as a member of the Board.

By order of the Board Zhenro Services Group Limited Huang Xianzhi Chairman

Hong Kong, 6 November 2020

As at the date of this announcement, Mr. Lin Xiaotong and Mr. Huang Liang are the executive directors of the Company; Mr. Huang Xianzhi and Mr. Chan Wai Kin are the non-executive directors of the Company; and Mr. Ma Haiyue, Mr. Au Yeung Po Fung and Mr. Zhang Wei are the independent non-executive directors of the Company.

• For identification purposes only

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