Zhongsheng Group Holdings Limited announced that, effective 26 March 2026, Yu Jian has been appointed Executive Director and Chief Financial Officer, while Yu Ning has resigned as Executive Director and will transition from Chief Financial Officer to Financial Controller.

Yu Jian, 54, joins after serving as President of Luminary (Shenzhen) Commercial Management from July 2023 to February 2026. His prior roles include President of the Southern China Headquarters at China Fortune Land Development (December 2018–June 2023) and Executive Director, Senior Vice President and Chief Financial Officer at China Resources Land (August 2009–November 2018). Earlier in his career, he spent eight years in strategic planning and treasury at BP in Hong Kong and London, and seven years in financial leasing at China Leasing Company in Beijing and Hong Kong.

Yu Jian holds a bachelor’s degree in International Finance from the University of International Business and Economics (1992) and an MBA from the University of Michigan Ross School of Business (2001). He is a Chartered Financial Analyst and a Certified Public Accountant in Australia.

Under a three-year service contract commencing 26 March 2026, Yu Jian will receive fixed remuneration of up to RMB 2.00 million per year, subject to review, plus a discretionary bonus. His mandate covers financial management, accounting, treasury, tax, management reporting, financial planning and analysis, internal controls, and investor relations.

Yu Ning’s redesignation reflects changes in work arrangements; she will continue to support the Group’s finance function. She confirmed no disagreement with the Board, which expressed appreciation for her contributions.

As of the announcement date, Zhongsheng Group’s Board consists of six Executive Directors (Huang Yi, Li Guoqiang, Zhang Zhicheng, Tang Xianfeng, Zhou Xin, and Yu Jian), one Non-Executive Director (Chan Ho Yin), and four Independent Non-Executive Directors (Chin Siu Wa Alfred, Li Yanwei, Cheng Po Chuen, and Bai Fengjiu).