The Board of Directors of China Investment Development Limited announced that Mr. Li Wancheng has tendered his resignation as joint company secretary and authorised representative of Company with effect from 15 October 2022. Mr. Li has confirmed that he has no disagreement with the Board and there is no matter in respect of his resignation that would need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board is also pleased to announce that Mr. Han Zhenghai has been appointed to replace Mr. Li as an Authorised Representative with effect from 15 October 2022.

Mr. Han has also been appointed to replace Mr. Li as an authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 15 October 2022. Following the appointment of Mr. Han, the Authorised Representatives of the Company are Mr. Han and Ms. Chen Shunqing.