C Cheng Holdings Limited announced Mr. Liu Yong resigned as an executive Director due to his retirement, effective from June 6, 2024. Mr. Lei Zhi Jun has been appointed as an executive Director with effect from 6 June 2024. Mr. Lei Zhi Jun, 44 years old, graduated from Wuhan University with a bachelor's degree in finance in 2002 and obtained a master's degree in economics from Renmin University of China in 2012.

Currently, Mr. Lei serves as the vice general manager, and director of the strategic investment department at Beijing General Municipal Engineering Design & Research Institute Co. Ltd. ("BMEDI"). From 2002 to 2012, Mr. Lei Zhi Jun worked at Beijing Urban Construction Group Co.

Ltd., where he held positions, including a finance manager at Beijing Urban Construction Third Construction Development Co. Ltd. and the director of investment management at the investment department of Beijing Urban Construction Group Co. Ltd. From 2012 to 2017, he was employed at Beijing Enterprises Holdings Group Company Limited as a senior manager in the financial securities department.

Mr. Lei is a senior economist specializing in finance and holds extensive experience in infrastructure investment and financing, corporate investment and mergers, and state-owned enterprise reforms. Mr. Liu Yong ceased to be a member of Nomination Committee and a member of Investment Committee; and Mr. Lei has been appointed as a member of Nomination Committee and a member of Investment Committee.