Ms. ZHANG Xiaoli, aged 45, has been appointed as a Non-Executive Director and a member of the Nomination Committee of the Company in December 2025. She graduated from Guangdong University of Foreign Studies, the PRC with a Bachelor's degree in Economics, majoring in International Economics and Trade, and also graduated from Sun Yat-Sen University, the PRC with a Master's degree in Management, majoring in Management Science and Engineering. Ms. Zhang worked at 廣東省青年聯合會 (Guangdong Youth Federation) between 2004 to 2020 and has served as secretary-general of the federation. From April 2020 to April 2021, she worked for 廣東粤財投資控股有限公司 (Guangdong Yuecai Investment Holdings Co., Ltd.) and held position including general manager of the party and mass work department. Ms. Zhang has been serving as an executive director and general manager of 廣東粤海集團企業服務有限公司 (Guangdong Yuehai Group Enterprise Service Co., Ltd.), a wholly-owned subsidiary of Guangdong Holdings since May 2021 and deputy director of general office of Guangdong Holdings since May 2024. She is currently a director of Yuegang Development and GDH Real Estates China, the wholly-owned subsidiaries of Guangdong Holdings.