China City Infrastructure : CHANGE OF AUDITOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2349)

CHANGE OF AUDITOR

This announcement is made by China City Infrastructure Group Limited (the "Company", together with its subsidiaries as the "Group") pursuant to Rule 13.51(4) of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of the Company announces that having considered that HLM CPA Limited ("HLM") has been the auditor of the Company for a number of years, on the recommendation of the Audit Committee (the "Audit Committee") of the Company, the Board resolved to appoint Confucius International CPA Limited as the new auditor of the Company subject to the passing of relevant resolution by the shareholders of the Company (the "Shareholders") at the forthcoming annual general meeting of the Company in June 2021 (the "AGM") following the retirement of HLM at the AGM. The Board and the Audit Committee take the view that this change of auditor complies with good corporate governance practice and will also enhance the independence of the auditor. HLM will not seek reappointment as the auditors of the Company at the AGM.

HLM has confirmed that there are no matters or circumstances connected with its retirement that need to be brought to the attention of the Shareholders or creditors of the Company. Both the Board and the Audit Committee confirmed that there are no matters or circumstances in respect of the above change of auditor that need to be brought to the attention of the Shareholders or creditors.

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The Board has confirmed that there are no disagreements or outstanding matters between the Company and HLM.

The Board would like to take this opportunity to express its sincere gratitude to HLM for its professional services rendered to the Company during the past years.

By order of the Board

China City Infrastructure Group Limited

Ye Tianfang

Chief Executive Officer

Hong Kong, 26 April 2021

As at the date of this announcement, the Board comprises Mr. Li Chao Bo (Chairman), Mr. Ji Jiaming and Mr. Ye Tianfang (Chief Executive Officer) as executive Directors; Mr. Zhang Guiqing as non-executive Director; and Mr. Ng Chi Ho, Dennis, Mr. Kwok Kin Wa and Ms. Kwong Mei Wan, Cally as independent non-executive Directors.

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