The Board of Directors of China Aerospace International Holdings Limited announced that with effect from 2 March 2023, Mr. Liu Xudong resigned as a Non-Executive Director and a member of Nomination Committee of China Aerospace International Holdings Limited due to retirement; Mr. Mao Yijin resigned as a Non-Executive Director and a member of Audit Committee of the Company due to retirement; Mr. Teng Fangqian was appointed as a Non-Executive Director and a member of Nomination Committee of the Company; and Mr. Peng Jianguo was appointed as a Non-Executive Director and a member of Audit Committee of the Company. Each of Mr. Liu Xudong and Mr. Mao Yijin confirmed that there is no disagreement in all aspects with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company in relation to their respective resignations as Non-Executive Directors and members of the aforementioned committees of the Company. Mr. Teng Fangqian, aged 60, Researcher, graduated from Shandong Institute of Chemical Technology with a bachelor's degree in chemical engineering and completed a postgraduate training programme in corporate management at Zhongnan University of Economics and Law.

He joined the Second Film Factory of the Ministry of Chemical Industry in 1983 and held such positions as a Section Head and a Deputy Director of the PS plate workshop. From August 1996 to November 2012, he served as a Deputy Factory Director and the Factory Director of the Second Film Factory of China Lucky Film Corporation; the General Manager of Lucky Huaguang Graphics Co. Ltd.; a Deputy General Manager of China Lucky Film Corporation and the General Manager of Lucky Huaguang Graphics Co.

Ltd. From November 2012 to December 2019, he served as a Deputy General Manager of China Lucky Group Corporation and the General Manager of Lucky Huaguang Graphics Co. Ltd., and the Managing Director of China Lucky Group Corporation. During which, he was the Chairman of Baoding Lucky Innovative Materials Co.

Ltd. (shares of which are listed on Shenzhen Stock Exchange (stock code: Mr. Peng Jianguo, aged 55, Doctor, Researcher, graduated from the National University of Defense Technology, Xi'an Jiaotong University and Northwestern Polytechnical University and obtained a bachelor's degree in engineering, a master's degree in public administration and a doctoral degree in management respectively. From July 1990 to April 2004, he held such positions as a Deputy Division Director, the Division Director of the Finance Division, and the Deputy Chief Accountant and Division Director of the Finance Division of the 11th Institute of China Aerospace. From April 2004 to March 2017, he served as the Deputy Division Director, the Division Director of Accounting and Finance Department, and the Chief Accountant and Division Director of Accounting and Finance Department of the Academy of Aerospace Propulsion Technology.

From March 2017 to December 2021, he served as the Chief Accountant of the China Academy of Launch Vehicle Technology. He also served as a Director of Aerospace Science & Technology Finance Company Limited from April 2011 to March 2020, a Director of Western Metal Materials Co. Ltd. (shares of which are listed on Shenzhen Stock Exchange (stock code: 002149)) from July 2011 to April 2017, a Vice Chairman of China Chang Jiang Energy Corporation from November 2016 to August 2017, and concurrently served as a Director of Aerospace Times Real Estate Development Co.

Ltd. from August 2017 to May 2019. He has been an associate-level researcher at the China Academy of Launch Vehicle Technology since December 2021; since August 2022 to present, he has been a supervisor of the Supervisory Board of Beijing Aerospace Medical Co. Ltd.; he has been serving as the Chairman of the Supervisory Board of China Aerospace Investment Holdings Ltd. since January 2023 and a Director of China Lucky Group Corporation since February 2023.

Mr. Peng has extensive experience in financial management.