The board of directors of China Agri-Industries Holdings Limited announced that, with effect from 15 April 2019, Mr. WANG Qingrong has tendered his resignation as an executive director of the Company due to work arrangement and ceased to be the managing director and the chairman of the Executive Committee of the Company; and Ms. YANG Hong has tendered her resignation as an executive director of the Company due to work arrangement and ceased to be a member of the Executive Committee of the Company. The Board announced that, with effect from 15 April 2019, Mr. WANG Zhen has been appointed as an executive director of the Company, the managing Ms. HUA Jian has been appointed as an executive director of the company and a member of the Executive Committee of the company. Mr. WANG Zhen has been a senior industry executive of COFCO Corporation since February 2013.

Mr. WANG Zhen joined COFCO Corporation and/or its subsidiaries in December 1986 and held various positions including deputy general manager of the fruits, vegetables and aquatic products division of COFCO Group, vice president and general manager of the wheat processing division of the Company, general manager of China National Native Produce & Animal By-products Import & Export Corporation and chairman of China Tea Co. Ltd. Ms. HUA Jian has been a vice president of the Company since October 2016 and has been in charge of the grains business of the Company since October 2018.