Zhenro Services Group Limited — Board/Management Information 2021

Feb 5, 2021

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.

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 EXECUTIVE DIRECTOR, CHIEF EXECUTIVE OFFICER AND AUTHORISED REPRESENTATIVE AND CHANGE IN COMPOSITION OF BOARD COMMITTEE

The Board hereby announces the following changes with effect from 5 February 2021:

1. the resignation of Mr. Huang Liang as an executive Director, chief executive officer, member of the remuneration committee, and an authorised representative of the Company under the Listing Rules;

2. the appointment of Mr. Lin Xiaotong as chief executive officer, member of the remuneration committee, and an authorised representative of the Company under the Listing Rules; and

3. the appointment of Mr. Kang Hong 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 Liang (“ Mr. Huang ”) has resigned as an executive Director, chief executive officer and member of the remuneration committee of the Company (“ Remuneration Committee ”) with effect from 5 February 2021 in order to pursue other business and work commitments. Mr. Huang will cease to hold any positions in the Group upon his resignation becoming effective.

With effect from the same date, Mr. Huang has ceased to be an authorised representative of the Company as required under Rule 3.05 of the Listing Rules.

Mr. Huang confirmed that, (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.

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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 CHIEF EXECUTIVE OFFICER, AUTHORISED REPRESENTATIVE AND CHANGE IN COMPOSITION OF BOARD COMMITTEE

Following Mr. Huang’s resignation, Mr. Lin Xiaotong, the current executive Director, has been appointed as the chief executive officer and member of the Remuneration Committee. He has also been appointed as the authorised representative of the Company as required under Rule 3.05 of the Listing Rules, all with effect from 5 February 2021.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Kang Hong (康宏) (“ Mr. Kang ”) has been appointed as an executive Director with effect from 5 February 2021. The biography of Mr. Kang is set out below.

Biographical Details of Mr. Kang

Mr. Kang, aged 39, was appointed as an executive Director on 5 February 2021. Mr. Kang has extensive experience in financial management of benchmark real estate companies, as well as an international vision. Mr. Kang obtained a Master of Business Administration (MBA) degree from the University of Birmingham in the United Kingdom in July 2013. Mr. Kang is a fellow member of both the Association of Chartered Certified Accountants (ACCA) and the Association of International Accountants (AIA).

Mr. Kang joined Zhenro Properties Group Limited (正榮地產集團有限公司) (“ Zhenro Properties Group ”), a company listed on the Main Board of the Stock Exchange (stock code: 6158) in October 2018, and held various senior management positions within its subsidiaries. From October 2018 to December 2020, he served as a secretary to the board and the chief financial officer of Zhenro Properties Holdings Company Limited (正榮地產控股股份有限公司), a wholly-owned subsidiary of Zhenro Properties Group in the People’s Republic of China (the “ PRC ”). He has also concurrently served as a general manager of the strategic operation center at Zhenro Group Co., Ltd. (“ Zhenro Group ”) since May 2020. Since January 2021, he has served as an assistant to the president of Zhenro Group and is responsible for the financial management and strategic operation center at Zhenro Group.

Prior to joining Zhenro Group, Mr. Kang held financial management related positions in various corporations. From 2005 to 2012, Mr. Kang assumed the roles of financial manager and financial director at AP Oil International Limited* (環球石油有限公司), a company based in Singapore. From 2013 to August 2014, Mr. Kang served as a regional deputy general finance manager at Dalian Wanda Group Co., Ltd* (大連萬達集團股份有限公司). From September 2014 to December 2016, Mr. Kang successively served as an executive deputy general manager at Sincere Property Holding Group* (協信地產控股集 團) and a general manager of the finance department at Tusincere Technology City Investment Group Co., Ltd.* (啓迪協信科技城投資集團有限公司), a group company in the PRC co-invested by Sincere Holding Group Co., Ltd* (協信控股（集團）有限公司) (“ Sincere Holding Group ”) and Tus-Holdings Co., Ltd.* (啟迪控股股份有限公司) which is principally engaged in the development of technology cities. From the beginning of 2017 to September 2018, Mr. Kang served as an assistant to the president, the chief financial officer and an executive director at Chongqing SINCERE Industrial Co., Ltd.* (重慶協信遠創實業有限 公司), a large-scale property developer in the PRC co-invested by Sincere Holding Group and Greenland Holdings Group Company Limited* (綠地控股集團有限公司).

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Mr. Kang has entered into a service contract with the Company for a term of three years commencing from 5 February 2021, 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. Kang will be entitled to receive an annual remuneration (including salary, bonus and contributions to retirement benefits scheme) of approximately RMB2,046,000 which is determined by the Board upon recommendation from the Remuneration Committee with reference to his qualification, level of duties and responsibilities undertaken in the Company and the prevailing market conditions.

As at the date of this announcement, Mr. Kang 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).

As at the date of this announcement, save as disclosed above, Mr. Kang does not hold any directorship in any other listed public companies 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 (as defined under the Listing Rules) of the Company.

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. Kang 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. Kang for his appointment as a member of the Board.

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

Hong Kong, 5 February 2021

As at the date of this announcement, Mr. Lin Xiaotong and Mr. Kang Hong 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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