AVIC Joy Holdings (HK) Limited announced that Mr. WU Xiaodong has tendered his resignation as an executive Director, the chief executive officer of the Company and the chairman of the Board; Mr. ZHANG Zhibiao tendered his resignation as an executive Director; Ms. WANG Ying tendered her resignation as an executive Director; Ms. MU Yan tendered her resignation as an executive Director; Mr. JIANG Ping tendered his resignation as an independent non-executive Director and ceased to be a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company as well as the chairman of the remuneration committee of the Company; Ms. WU Rui has tendered her resignation as an independent non-executive Director and ceased to be a member of each of the Audit Committee and the Remuneration Committee as well as the chairman of the Nomination Committee; and Mr. GUO Wei has tendered his resignation as an independent non-executive Director and ceased to be a member of each of the Nomination Committee and the Remuneration Committee as well as the chairman of the Audit Committee. The resignation will be effective from September 18, 2020. The company announced that Mr. CHAN Hon Wei has been appointed as an executive Director, the Chief Executive Officer and the Chairman; Mr. CHANG Chien has been appointed as an executive Director; Mr. LAM Toi Man has been appointed as an executive Director; Mr. TSE Tin has been appointed as an executive Director; Mr. TO Chun Kei has been appointed as an independent non-executive Director; Mr. LIU Jingwei has been appointed as an independent non- executive Director; and Mr. ZHENG Yanqing has been appointed as an independent non-executive Director. The appointment will be effective from September 18, 2020.