Ms. Liu was appointed an executive director and the Chairman of the Board on [17] April 2024. She graduated from Nankai University with a Master’s degree in law and an Executive Master of business administration degree from Shanghai Jiao Tong University. She obtained the qualification of Intermediate Economics (Human Resources Management). Ms. Liu has extensive work experience in operation management, organisational management and human resources management, etc. in large business enterprises. Ms. Liu is the chief operating officer and chief human resources officer of Guangzhou Yue Xiu Holdings Limited* (廣州越秀集團股份有限公司) (“Guangzhou Yue Xiu”) and Yue Xiu Enterprises (Holdings) Limited (“YXE”). YXE, a wholly-owned subsidiary of Guangzhou Yue Xiu, is also the controlling shareholder of the Company. Ms. Liu is also a director of Guangzhou City Construction & Development Co. Ltd.* (廣州市城市建設開發有限公司), Guangzhou Paper Group Limited, Guangzhou Yuexiu Dairy Group Co., Ltd.* (廣州越秀乳業集團有限公司), and Liaoning Yuexiu Huishan Holdings Co., Ltd.* (遼寧越秀輝山控股股份有限公司), and the vice chairman of Guangzhou Yuexiu Shared Services Co., Ltd.* (廣州越秀共享服務有限公司). Ms. Liu is an executive director of Yuexiu Property Company Limited (stock code: 00123). Ms. Liu joined Guangzhou Yue Xiu in July 2002 and was a director of Guangzhou Yuexiu Financial Holdings Group Company Limited* (廣州越秀金融控股集團股份有限公司), Guangzhou Yuexiu Capital Holdings Company Limited, Guangzhou Yuexiu Financial Leasing Co., Limited and Shanghai Yuexiu Finance Leasing Co., Limited, and the director of human resources of Guangzhou Yue Xiu and YXE. She has led the implementation of several major projects for Guangzhou Yue Xiu on operation management, lean management, establishment of systems and regimes, as well as changes in human resources.