China Beidahuang Industry Group Holdings Limited announced that with effect from 14 June 2023, Mr. Jiang Jianjun has resigned as an executive Director and ceased to be the Chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee. The resignations of Mr. JJJ is due to his pursuit of other personal business endeavours. Mr. JJJ has confirmed that he has no disagreement with the Board and there is no matter relating to his resignations that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board also announced that with effect from 14 June 2023, Mr. Jiang Jiancheng ("Mr. JJC") has been appointed as an executive Director, the Chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee. The biographical details of the new Director are given as follows: Mr. JJC, aged 52, is currently a director of certain subsidiaries of the Company. Mr. JJC was the executive Director for the period from April 2014 to November 2017.

Mr. JJC graduated from Department of Industrial Control And Automation of Hefei University of Technology. Mr. JJC has been engaged in real estate leasing industry since 1993 and has extensive experience in marketing and management. Mr. JJC is the brother of Mr. JJJ, the ex-chairman and an ex-executive director of the Company.