China Conch Venture Holdings Limited announced that Mr. Lau did not offer himself for re-election at the AGM and accordingly he retired as an independent non-executive Director at the conclusion of the AGM. Following his retirement, Mr. Lau also ceased to be the chairman of the remuneration and nomination committee of the Board and a member of the audit committee of the Board. The Board announced that, Dr. Peng was elected by the Shareholders at the AGM as an independent non-executive Director.

Dr. Peng has also been appointed as a member of each of the Remuneration and Nomination Committee and the Audit Committee with effect from the close of the AGM. The biographical details of Dr. Peng are set out below: Dr. Peng, aged 64, has long engaged in the teaching and research of mining geology, geophysical prospecting of mine engineering and hydrogen technology, and is engaged in research on the development of hydrogen energy and fuel cell. Dr. Peng obtained a postgraduate degree in coal geology & exploration and a Ph.D degree in geology from the Beijing Postgraduate Department of China University of Mining and Technology in 1988.

He was elected as an academician of Chinese Academy of Engineering in 2007. Dr. Peng has been a professor at the China University of Mining and Technology since December 1995 and the director of State Key Laboratory of Coal Resources and Safe Mining (China University of Mining and Technology, Beijing) since January 2007. Dr. Peng was the vice director and subsequently the director of the Department of Energy and Mining Engineering of Chinese Academy of Engineering from April 2010 to June 2014 and from July 2014 to June 2018, respectively.

Dr. Peng was a member of the presidium of Chinese Academy of Engineering from July 2014 to June 2021. Dr. Peng was an independent director of Tiandi Science & Technology Co. Ltd. from June 2010 to October 2018, an independent director of Beijing LongRuan Technologies Inc. from November 2011 to October 2017, an independent director of Tibet Huayu Mining Co.

Ltd. from October 2012 to September 2020 and an independent non-executive director of China Shenhua Energy Company Limited from April 2018 to May 2020. With effect from the close of the AGM, Mr. CHAN Kai Wing, an independent non-executive Director, has been re-designated from a member of the Remuneration and Nomination Committee to the chairman of the Remuneration and Nomination Committee.