Mr. JIANG Guoxiong CHAIRMAN AND NON-EXECUTIVE DIRECTOR

Mr. Jiang Guoxiong has been appointed as the Chairman of the Board and a Non-Executive Director and a member of each of the Finance and Investment Committee and the Remuneration and Nomination Committee of the Manager.

Prior to joining the Manager, Mr. Jiang has been serving as an executive director and the co-general manager of Yuexiu Property and a member of the sustainability committee of the board of directors of Yuexiu Property since December 2024. He has been a director and the co-general manager of Guangzhou City Construction & Development Co. Ltd. （廣州市城市建設開發有限公司） （“GCCD”）， a subsidiary of Yuexiu Property since January 2022 and December 2024 respectively. From July 2021 to December 2024, he served as the deputy general manager of Yuexiu Property Company Limited (“Yuexiu Property”, together with its subsidiaries, the “Yuexiu Property Group”). Since February 2023, he has been serving as the chairman of the board of directors of the regional companies of the Yuexiu Property Group in Central and Western China. Since April 2024, he has been serving as the chairman of the board of directors of the companies of the Yuexiu Property Group in the commercial division. Concurrently with his appointment as the Chairman of the Board and a Non-Executive Director of the Manager, Mr. Jiang has also been appointed as Non-Executive director and chairman of the board of directors of Yuexiu Services Group Limited with effect from the same date.

From July 1991 to November 2015, Mr. Jiang served successively as a finance department accountant, deputy department head, department head and chief financial officer at Guangzhou Paper Mill* ( 廣州造紙廠） （currently known as Guangzhou Paper Group Co.， Ltd.* （廣州造紙集團有限公司）） and the business director of the finance division of Guangzhou Paper Limited* （廣州造紙有限公司） （currently known as Guangzhou Paper Co.， Ltd.* （廣州造紙股份有限公司））. From November 2015 to March 2023, he served successively as the general manager of the finance department, process information department, operations management centre, IT shared centre and digital intelligence development centre at GCCD. He served as the assistant to the general manager of Yuexiu Property from March 2019 to July 2021 and also served as the assistant to the general manager at GCCD from April 2019 to July 2021. He served as the deputy general manager of GCCD from July 2021 to December 2024. From November 2020 to November 2024, he successively served as the chairman of the board of directors and general manager of the regional companies of the Yuexiu Property Group in Central China, and Western and Southern China, as well as the general manager of the regional companies of the Yuexiu Property Group in Central and Western China. From April 2024 to April 2025, he served as the chairman of the board of directors of the regional companies of the Yuexiu Property Group in Eastern China. Mr. Jiang held positions in various subsidiaries of the Yuexiu Property Group. He has extensive experience in corporate investment decision-making, financial management, and operations management.

Mr. Jiang obtained an undergraduate degree in accounting from Jinan University in the People's Republic of China (the “PRC”) in June 2008. He also obtained the qualification of intermediate accountant in the PRC in May 2000.

Ms. Ou Haijing EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Ms. Ou Haijing has been appointed as CEO and appointed as the Chairlady of the Finance and Investment Committee and a member of each of the Disclosures Committee and the Remuneration and Nomination Committee of the Manage. Ms. Ou is an executive Director, and has been one of the Manager’s Responsible Officers licensed under the SFO since 27 September 2018.

Ms. Ou had been the deputy CEO of the Manager since 26 April 2019 until her promotion to CEO on 22 May 2025. Since October 2016, Ms. Ou has been the head of asset management, primarily responsible for project management and operation including leasing, property operation and asset enhancement. Prior to this role, Ms. Ou was responsible for the internal governance and human resources management of the Manager from May 2009 to September 2016, and headed the investment team of the Manager from 2007 to 2009. Before joining the Manager, Ms. Ou was mainly engaged in the capital operations and had participated in various mergers and acquisitions of Yuexiu Group, including the listing of Yuexiu REIT. Ms. Ou has over 10 years of experience in internal governance in Yuexiu REIT. She is now a licensed person under the SFO and is authorised to carry out regulated activities of type 9.

Ms. Ou graduated from Jinan University in the PRC with professional studies in international economics and trade and economic law, and obtained a bachelor's degree in Economics and a bachelor's degree in Law (i.e. a double degree). Subsequently, she completed postgraduate studies in Finance at the Lingnan College of Sun Yat-Sen University in 2003.

Mr. LIN Deliang EXECUTIVE DIRECTOR

Mr. Lin Deliang has been appointed as an Executive Director, a responsible officer and a member of the Finance and Investment Committee of the Manager. Mr. Lin has on 14 August 2018 as one of the Responsible Officers licensed under the Securities & Futures Ordinance (“SFO”) and is authorized to carry out type 9 regulated activities.

Prior to joining the Manager, Mr. Lin participated in and was in charge of investment planning, sales and marketing programmes for various large scale residential and commercial properties of the Yuexiu Property Company Limited (“Yuexiu Property”), a company listed on The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) (Stock Code: 00123). After joining Guangzhou City Construction & Development Co. Ltd. (廣州市城市建設開發有限公司) (“GCCD”) in 1992, Mr. Lin held various managerial positions in the investment development department of GCCD as well as in Xingye Real Estate Agent Co., Ltd. (being a subsidiary of Yuexiu Property) and Guangzhou Investment (HK Property) Company Limited. He was responsible for the operations management of properties located in, among others, Hong Kong, Macau, France and Singapore from 2003 to 2005. In 2006, Mr Lin was deputy general manager of Guangzhou Dongfang Hotel Group of Guangzhou Yue Xiu Holdings Limited (“Yue Xiu Group”), responsible for financial revenue management, hotel brand development, and tourism affairs etc. Mr. Lin is a qualified Real Estate Appraiser of China, China Land Valuer and China Real Estate Agent.

After joining the Manager, Mr. Lin was responsible for organizing to implement Yuexiu REIT's acquisition of Guangzhou International Finance Center and a series of major capital operation projects in Shanghai, Wuhan and Hangzhou since 2009. As a composite professional of “DOS” (develop, operate and securitise) in the real estate investment and securitization field, Mr. Lin has accumulated nearly 30 years of practical experience in large property positioning and planning, investment development, commercial operations, and capital operations.

Mr. Lin graduated from Jinan University in the PRC with professional studies in corporate management, and obtained a bachelor degree in economics. He completed a MBA postgraduate course at South China University of Technology from 2004 to 2005.

Mr. ZENG Zhizhao NON-EXECUTIVE DIRECTOR

Mr. Zeng Zhizhao is a Non-Executive Director of the Manager.

Mr. Zeng joined the Yue Xiu group in July 2005 and is currently acting as the deputy general manager of Yuexiu Property, being responsible for the management of financial and capital operation of listed companies of the real estate sector within the Yue Xiu group.

Mr. Zeng has extensive experience in capital operations. Mr. Zeng has held various positions with Yue Xiu Group Holdings Limited where he worked as, among others, deputy manager and senior manager and certain other positions of the capital department from July 2005 to April 2014, as deputy director of capital operations of the capital department from April 2014 to November 2015, as deputy general manager of the capital department from November 2015 to March 2019, and as general manager of the capital department from March 2019 to January 2021, where he was mainly responsible for organizing and implementation of major capital operations projects, co-ordination of investor relations of listed companies within the Yue Xiu Group, capital operations and post-investment management of the headquarters of Yue Xiu group. Mr. Zeng was also involved in various capital operation projects including among others the acquisition of Guangzhou International Finance Center by Yuexiu REIT, acquisition of Chong Hing Bank Limited, and issuance of certain bonds.

Mr. Zeng received a bachelor's degree in International Finance in July 1999, a master's degree in Finance in July 2002, and a doctorate degree in Finance in July 2005, each from Xiamen University in Xiamen, PRC. He has been a certified public accountant in the PRC since June 2002. He has also obtained the qualification of financial economist in the PRC in December 2007 and the qualification of fund practitioner of Asset Management Association of China in May 2017.

Mr. CHAN Chi On, Derek INDEPENDENT NON-EXECUTIVE DIRECTORS

Mr. Chan is an Independent Non-Executive Director ("INED") of the Manager.

Mr. Chan has over 30 years of experience in the financial services industry and is a co-author of a book on listing procedures and securities rules and regulation in Hong Kong.

Mr. Chan is currently the chairman of Halcyon Capital Limited and Halcyon Securities Limited, which are engaged in corporate finance and securities businesses in Hong Kong respectively. He worked for the Hong Kong Stock Exchange from 1989 to 1996 and was an executive director of Haitong International Securities Group Limited (Stock Code: 00665) (formerly known as Taifook Securities Group Limited), and had been the head of its corporate finance division for 16 years until the end of 2012.

Mr. Chan is also currently an independent Non-Executive director of Longfor Group Holdings Limited (Stock Code: 00960) and China Conch Venture Holdings Limited (Stock Code: 00586). The shares of the companies mentioned above are listed on the Hong Kong Stock Exchange.

Mr. Chan graduated from The Hong Kong University of Science and Technology with a master's degree in Business Administration in 1994 and from The University of Hong Kong with a bachelor's degree in Social Sciences (majoring in Economics) in 1985.

Mr. CHAN Chi Fai, Brian Independent Non-Executive Director

Mr. Chan is an INED of the Manager.

Mr. Chan is currently also a director of the Hong Kong Parkview Group. He has been heavily involved in the overall development of the Hong Kong Parkview Group since he joined the group in 1990. With projects and investment properties in Hong Kong, PRC, Singapore and United Kingdom, the Hong Kong Parkview Group is principally engaged in property development and hospitality.

Prior to joining the Hong Kong Parkview Group, Mr. Chan worked in the banking sector from 1978 to 1989, the first 7 years of which was with a reputable international bank. The last position Mr. Chan held before leaving his banking career was as group financial controller of IBI Asia (Holding) Limited. During his 11 years in banking, Mr. Chan was involved in international banking operations, mergers and acquisitions as well as financial and risk management.

Mr. Chan is a director of Primeline Energy Holdings Inc., which is listed on the TSX Venture Exchange (Stock Code: PEH.V).

Mr. Chan is a certified public accountant with professional accounting qualifications in Hong Kong and United Kingdom, and has a higher diploma in Business Studies from The Hong Kong Polytechnic University.

Mr. CHEUNG Yuk Tong Independent Non-Executive Director

Mr. Cheung is an INED of the Manager.

Mr. Cheung joined Baker & McKenzie in 1982 and worked in the Chicago, Beijing, Shanghai and Hong Kong offices of the firm. He was a partner in the corporate group of Baker & McKenzie's Hong Kong office, and was co-head of its Hong Kong and China mergers and acquisitions practice until June 2013 when he ceased to be a partner of Baker & McKenzie. His practice was focused in the areas of mergers and acquisitions and corporate finance.

Mr. Cheung was a member of the Judging Panel for the Corporate Governance Excellence Awards organized by the Hong Kong Chamber of Listed Companies from 2012 to 2015. He was also a member of the Takeovers and Mergers Panel and the Takeovers Appeals Committee of the Securities and Futures Commission of Hong Kong from 2012 to 2014.

Mr. Cheung graduated from The University of Hong Kong with an LL.B. and a postgraduate certificate in Laws, and from the London School of Economics with an LL.M.. He was admitted as a solicitor in Hong Kong and England, and as an attorney-in-law in New York.

Mr. CHEN Guanzhan Independent Non-Executive Director

Mr. Chen is an INED of the Manager.

Mr. Chen has a diverse background spanning higher education, government administration, and corporate operations in areas including property investment, infrastructure services and capital operations. Mr. Chen previously taught at South China University of Technology in Guangzhou, holding certificates as university lecturer and senior engineer, and held offices in various departments in the General Office of the Guangzhou Municipal People’s Government.

In November 2004, Mr. Chen joined Yue Xiu Enterprises (Holdings) Limited in Hong Kong, where he served as the general manager in the executive office and capital management department, and the deputy general manager of Yue Xiu Enterprises (Holdings) Limited. He has also served as the general manager of Yue Xiu Finance Company Limited. From April 2007 to November 2009, he also served as an Executive Director of Yuexiu Transport Infrastructure Limited (stock code: 01052). From March 2012 to February 2017, Mr. Chen was an Executive Director and joint general manager of New World Development Company Limited (stock code: 00017). From March 2017 to June 2017, he was redesignated as a non-executive director and was appointed as an adviser of New World Development Company Limited (stock code: 00017). From July 2017 to January 2018, Mr. Chen was an Executive Director of Logan Property Holdings Company Limited (stock code: 03380) and the President of Logan Property International Investment Limited, overseeing overseas investment projects and operations. Since January 2020, Mr. Chen has served as a part-time external director of Guangzhou Pearl River Enterprises Group Ltd. (廣州珠江實業集團有限公司), and since December 2024, he has served as a part-time external director of Guangzhou Affordable Housing Group Co., Ltd.* (廣州安居集團有限公司). He also currently serves as the director of Greater China (HK) Investment Limited.

Mr. Chen holds a Bachelor of Science degree from Sun Yat-Sen University in Guangzhou and a Master of Science in Engineering degree from South China University of Technology in Guangzhou. He was a visiting scholar to the California State University, Northridge in the U.S.A., where he studied Public Administration.

COMPENSATION OF DIRECTORS OF THE MANAGER

All fees and compensation of the Directors and senior executives of the Manager were borne by the Manager and not by Yuexiu REIT or any of its controlled entities.

INDEPENDENCE OF DIRECTORS

The Manager has received written annual confirmation of independence from each of the four INEDs of the Manager confirming his independence based on the criteria set out in the Compliance Manual and the Manager considered all independent Non-Executive Directors to be independent.

Mr. JIANG Guoxiong

Mr. Jiang is the Chairman and a Non-Executive Director of the Manager. Information on his business and working experience have been set out in the subsection headed "Directors" above.

Ms. OU Haijing

Ms. Ou is an Executive Director, and has been the Chief Executive Officer of the Manager and one of the Responsible Officers. Information on her business and working experience have been set out in the subsection headed "Directors" above.

Mr. LIN Deliang

Mr. Lin is an Executive Director and one of the Responsible Officers of the Manager. Information on his business and working experience have been set out in the subsection headed "Directors" above.

Mr. YU Tat Fung

Mr. Yu is the company secretary and has been appointed as the compliance manager on 1 March 2010 of the Manager. Mr. Yu has been the company secretary of Yuexiu Property and Yuexiu Transport since October 2004. Mr. Yu has also been the company secretary of Yuexiu Services Group Limited (listed on the Stock Exchange with stock code: 6626) since February 2021. Mr. Yu has also been the company secretary and group general counsel of Yue Xiu since January 2014 and February 2017, respectively. Throughout the said positions, Mr. Yu has been responsible for advising respective board of directors on, among others, corporate governance and compliance matters. Mr. Yu obtained a bachelor's degree in social sciences from The University of Hong Kong in November 1981. He attained the Solicitors' Final Examination in England in November 1983. Mr. Yu was admitted as a solicitor of the Supreme Court of Hong Kong in April 1986. He was also admitted to the Bar of the Province of British Columbia in Canada in February 1995. Mr. Yu confirmed that he had taken no less than 15 hours of relevant professional training during the Year.

Mr. KWAN Chi Fai

Mr. Kwan is the Chief Financial Officer and one of the Responsible Officers of the Manager. He is responsible for the financial management of the Manager. Prior to joining Yuexiu in January 2007, Mr. Kwan was the financial controller of 2 companies which are listed on the Hong Kong Stock Exchange. He has over 25 years of experience in finance, accounting and taxation.

Mr. Kwan is a member of Chartered Professional Accountants of Canada, the Hong Kong Institute of Certified Public Accountants and the Association of International Accountants. He obtained a master degree in business administration and a bachelor degree in accounting from The University of Hong Kong.

Mr. LIU Bihong

Mr. Liu is one of the Responsible Officers of the Manager, and is also the deputy head of the legal affairs department of Yue Xiu. He is mainly responsible for risk management, the prevention of PRC legal risks, and internal audits of the Manager. He assists in PRC legal affairs related to business and investment acquisitions to ensure conformity with the requirements of the regulatory bodies such as the Hong Kong Stock Exchange and the SFC. Mr. Liu joined the GCCD Group in 1999 and worked in legal affairs department. He was involved in the successful listing of Yuexiu REIT. Mr. Liu obtained a bachelor’s degree in engineering from Jilin University of Technology (吉林工業大學) in 1994 and graduated from the Sun Yat-sen University in 2005 with a Juris Master Degree. Mr. Liu has a wide range of professional knowledge and has gained professional qualifications successively in PRC, including Chinese Lawyer Qualification (1996), Certified Public Accountant (1998), Enterprise Legal Consultant (2000) and the Qualification for Registered Tax Agent (2001).

Mr. YANG Ming

Mr. Yang is the general manager of the project development department and the general manager of the safety management department of the Manager. He is mainly responsible for the implementation and supervision of the Manager’s property capital improvement works, risk control, as well as the management of equipment and facilities and safety supervision. Before joining the Manager in 2022, Mr. Yang served as the deputy head of the engineering and technology management department of Guangdong Railway Investment Property Co., Ltd.* (廣東省鐵投置業有限公司), and worked as a project manager at Guangdong Industrial Equipment Co., Ltd.* (廣東省工業設備有限公司) for nearly 17 years. In 2021, he joined Yuexiu Property, where he successively held the positions of the senior manager and professional director in the engineering and technology management department of Yuexiu Property’s subsidiary. He has rich experience in both engineering management and operations management in the real estate industry, and has participated in the management of several ultra-high-rise office buildings and five-star hotel projects, including the major renovation project of Four Seasons Hotel Guangzhou, Guangzhou Pearl River Tower, and Yuexiu Financial Tower.

Mr. Yang graduated from South China University of Technology in 1992 with a Bachelor of Engineering degree in Internal Combustion Engines, majoring in Naval Architecture and Ocean Engineering. He possesses extensive professional expertise and has obtained the Registered Qualification of Constructor with dual qualifications in Architecture and HVAC, the Registered Qualification of Class 1 Cost Engineer, and the professional title of Senior HVAC Engineer in China.

Mr. LIU Jun

Mr. Liu is the Owner Representative of hotels and apartments of the Manager and is responsible for owner supervision of hotels and apartments of the Manager. Before joining the Manager in 2025, he has over 20 years of combined experience working for Marriott Hotel Management Group, InterContinental Group, and Vanke Hotel Management Co., Ltd., gaining extensive experience in hotel pre-opening and operations management. In 2021, Mr. Liu obtained a Master of Science degree in Hotel and Tourism Management from The Hong Kong Polytechnic University.

Ms. XU Mingdi

Ms. Xu is the general manager of the internal audit department and the head of the core function of risk management of the Manager. She is responsible for reviewing the accuracy and completeness of operational and transaction records, as well as risk management and control, ensuring compliance with regulatory requirements of supervisory authorities such as the Hong Kong Stock Exchange and the Securities and Futures Commission. Ms. Xu joined a subsidiary of GCCD Group in 1994 and subsequently held financial and operations management roles in several of its subsidiaries. Since April 2020, she has been directly engaged in daily audit and risk control matters for real estate investment trusts. She was involved in the successful listing of Yuexiu REIT. Ms. Xu graduated from Guangdong University of Finance and Economics in 1994 with a Bachelor of Economics degree in accounting. Ms. Xu possesses extensive professional expertise and has obtained several professional qualifications in China, including Senior Accountant, Senior Management Accountant, and Certified Property Manager.

Mr. CHEN Yongqin

Mr. Chen is currently the general manager of the finance department of the Manager and is responsible for the finance, taxation and fund management of the Manager. Mr. Chen joined GCCD Group in 2005 and has successively held positions such as deputy manager and senior manager of the finance department of a subsidiary of GCCD. He has over 15 years of experience in finance and auditing in the real estate industry.

Mr. Chen graduated from the accounting department of Sun Yat-sen University in 2002 with a bachelor's degree in management. Mr. Chen is a Chartered Management Accountant (CIMA), Certified Internal Auditor (CIA), U.S. Certified Information System Auditor (CISA), Certified Fraud Examiner, and U.S. Certified Risk Manager. Mr. Chen is also an associate member of Association of International Accountants (AAIA), member of Australia Institute of Public Accountants (IPA), member of U. K. Institute of Financial Accountants (IFA), member of International Forensic Certified Public Accountants Association and international affiliate of Hong Kong Institute of Certified Public Accountants (HKICPAIA).

*for identification purposes only