Aowei Holding Limited announced that Mr. Huang Kai has resigned as an executive Director and the chief executive officer of the company with effect from 23 August 2018 due to the need to devote more time for his other business commitments. Mr. Huang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the company. The Board announced that with effect from 23 August 2018, Mr. Li Ziwei has resigned as vice chairman of the Board but remains as an executive Director of the company.

Following the resignation of Mr. Huang as, inter alia, chief executive officer of the company, Mr. Li an executive Director, has been appointed as the chief executive officer of the company with effect from 23 August 2018.