And Chief Executive Officer and (2) Change of Chief Financial Officer

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A-LIVING SERVICES CO., LTD. * 雅居樂雅生活服務股份有限公司 (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3319)

(1) CHANGE OF PRESIDENT (GENERAL MANAGER) AND CHIEF EXECUTIVE OFFICER AND (2) CHANGE OF CHIEF FINANCIAL OFFICER

This announcement is made by A-Living Services Co., Ltd. (the “Company”, together with subsidiaries, collectively, the “Group”) pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’).

The Group has rapidly become a leading property management services company in the People’s Republic of China (the “PRC”) with a comprehensive business portfolio since its listing in 2018, and achieved leap-frog growth in scale and profit thanks to dedication of all the staff under the leadership of its core management team and in accordance with the existing strategies of the Group.

The Group has been dedicated to enhance corporate governance and continuously optimized the corporate structure, to realize collaborative development of specialized business segments, 7 regional offices and 18 brands. Executive vice president of the Company, presidents of business segments and presidents of regional offices are responsible for daily operation of the Group, which ensures the smooth development of the Group’s business. The adjustments of positions of core senior management team by the board (the “Board”) of directors (the “Directors”) of the Company will benefit the long-term steady development of the Group, which enables each management talent focus on specialized scope of work and further optimize the corporate governance mechanism.

(1) CHANGE OF PRESIDENT (GENERAL MANAGER) AND CHIEF EXECUTIVE OFFICER

The Board is pleased to announce that Mr. Li Dalong (“Mr. Li”), the existing executive vice president, chief financial officer (the “Chief Financial Officer”) and joint company secretary of the Company, will be promoted to the position of president (general manager) and chief executive officer of the Company (the “President (General Manager) and Chief Executive Officer”). Subject to the official approval of the second session of the Board on 21 July 2020, the term will be effective from 21 July 2020 and until the expiry of the term of the second session of the Board. Mr. Li has been the Chief Financial Officer since August 2016 and has been primarily responsible for mergers and acquisitions, financial management and capital markets of the Group. He has been the executive vice president of the Company since November 2019 and has been primarily responsible for assisting the incumbent President (General Manager) and Chief Executive Officer in the overall strategic decisions, business planning and major operational decisions and daily operation management of the Group. Mr. Li will assume the position of executive Director from 21 July 2020, being the commencement of the second session of the Board. He has been the joint company secretary since August 2017. For biographical details of Mr. Li, please refer to the Appendix to this announcement.

Mr. Li has profound management experience as well as solid industry knowledge. Since the listing of the Group, he has been assisting the Board in formulating and implementing development strategies and highly enhanced the recognition of the Group in the industry and capital markets. Mr. Li has executed Group’s strategy of industry consolidation with keen insight on development trend. He has led the team completing several quality acquisitions and carrying forward the largest acquisition deal of the property management industry so far, namely the acquisition of CMIG Futurelife Property Management Limited (中民未來物業服務有限公司) as announced on 25 September 2019. Mr. Li has been responsible for post-acquisition empowerment and resources integration of acquired companies to enhance the Group’s business portfolio layout and to establish the leading position in several regional and niche markets. Besides, Mr. Li has led the team to enhance the governance, operation efficiency and risk management of the Group, optimize the operation structure and introduce flexible mechanism to stimulate potential of the team, assisting the Group to achieve growth targets in scale and profit.

Mr. Huang Fengchao (“Mr. Huang”), an executive Director and the co-chairman of the Board, will resign as the President (General Manager) and Chief Executive Officer with effect from 21 July 2020. Mr. Huang shall remain as the co-chairman of the Board and executive Director, and will continue to focus on formulating the overall strategic development strategies and policies of the Group and monitoring their implementation.

Mr. Huang confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as the President (General Manager) and Chief Executive Officer that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and the shareholders of the Company.

(2) CHANGE OF CHIEF FINANCIAL OFFICER

To focus on the role as the President (General Manager) and Chief Executive Officer, Mr. Li will resign as the Chief Financial Officer with effect from 21 July 2020. The Board is pleased to announce that Ms. Wu Jieying (“Ms. Wu”), the finance general manager of the Company, will be appointed as the Chief Financial Officer. Subject to the official approval of the second session of the Board on 21 July 2020, the term will be effective from 21 July 2020 and until the expiry of the term of the second session of the Board. For biographical details of Ms. Wu, please refer to the Appendix to this announcement.

By Order of the Board A-Living Services Co., Ltd. LI Dalong Company Secretary

Hong Kong, 29 May 2020

As at the date of this announcement, the Board comprises eight members, being Mr. Chan Cheuk Hung^ (Co- chairman), Mr. Huang Fengchao^ (Co-chairman, President (General Manager) and Chief Executive Officer), Mr. Feng Xin^, Mr. Wei Xianzhong^^, Ms. Yue Yuan^^, Mr. Wan Kam To^^^, Mr. Wan Sai Cheong, Joseph^^^ and Mr. Wang Peng^^^.

^ Executive Directors ^^ Non-executive Directors ^^^ Independent Non-executive Directors

* for identification purposes only

Appendix

Mr. Li Dalong (李大龍), aged 36, is the executive vice president, chief financial officer and joint company secretary of the Company. He will be an executive Director, the president (general manager) and chief executive officer from July 2020. He has been the chief financial officer, the joint company secretary and the executive vice president since August 2016, August 2017 and November 2019, respectively. He is responsible for overall strategic decisions, business planning and major operational decisions of the Group. Mr. Li is also a director of certain subsidiaries of the Company. He has over 15 years of experience in operations, finance, investment and capital markets.

Prior to joining the Group, from November 2013 to June 2016, Mr. Li was a senior manager of the capital market department at PricewaterhouseCoopers (Hong Kong), an accounting firm, where he primarily provided a series of professional services in connection with capital markets transactions. From August 2005 to November 2013, Mr. Li successively served as auditor, senior auditor, manager and senior manager at PricewaterhouseCoopers Zhongtian LLP (Shanghai), an accounting firm.

Mr. Li is a member of the Chinese Institute of Certified Public Accountants in the PRC. He obtained his bachelor’s degree in literature in July 2005, and second bachelor’s degree in administration management in June 2005, from Shanghai Jiao Tong University (上海交通大學).

As at the date of this announcement, Mr. Li is a limited partner of and owns 25% equity interest in Gongqingcheng A-Living Investment Management Limited Partnership* 共青城雅生活投資管理合夥企業 (有限合夥) which in turn owns 80,000,000 unlisted shares of the Company.

Save as disclosed in this announcement, Mr. Li does not (i) hold any other position with the Company or its subsidiaries; (ii) hold any other directorships in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) have any relationship with any other directors, senior management or substantial or controlling shareholders of the Company; and (iv) have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). Save as disclosed in this announcement, the Board is not aware of other information on the appointment of Mr. Li as the president (general manager) and chief executive officer which shall be disclosed pursuant to the requirement set out in Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company.

Ms. Wu Jieying (鄔潔穎), aged 37, is the finance general manager of the Company. She will be the chief financial officer of the Company since July 2020, and responsible for the financial management, accounting and operational management of the Group. She joined the Group as financial controller in February 2017 and has been the finance general manager since December 2018.

Prior to joining the Group, from August 2006 to February 2017, Ms. Wu successively served as auditor, senior auditor, manager and senior manager at PricewaterhouseCoopers Zhongtian LLP (Shanghai), an accounting firm.

Ms. Wu is a member of the Chinese Institute of Certified Public Accountants in the PRC. She obtained her bachelors’ degree in economics in July 2006 from Fudan University.