The board of directors of China Electronics Huada Technology Company Limited announced that Mr. Liu Hongzhou (Mr. Liu) has retired as an Executive Director of the company, the Deputy Chairman of the Board and the Managing Director of the Company with effect from 21 November 2022 as he has attained the age of retirement. Mr. Liu has confirmed that there is no disagreement with the Board, and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the company. The Board announces that Ms. Luo Wenjing (Ms. Luo) has been appointed as an Executive Director of the Company with effect from 21 November 2022.

Ms. Luo, aged 50, graduated from Shanghai International Studies University and holds a Bachelor's degree in German Language and obtained a Master's degree in Business Administration from Shanghai Jiao Tong University. Ms. Luo is a Certified Public Accountant in the PRC, a fellow member of the Chartered Institute of Management Accountants and a Chartered Global Management Accountant. Ms. Luo currently serves as the senior professional manageress of the finance department of Huada Semiconductor Co., Ltd, a controlling shareholder of the company and a director of Xiaohua Semiconductor Co.

Ltd. Ms. Luo was the financial controller of Phonak Hearing Aids (China) Group, the financial controller of Parker Hannifin Motion & Control (Shanghai) Co., Ltd, the vice president of finance of Advanced Semiconductor Manufacturing Corporation Limited (previously a listed company in Hong Kong which was privatized in 2019), and the chief accountant of GTA Semiconductor Co. Ltd. During the past three years and as at the date of this announcement, Ms. Luo has not held any directorship in any listed public company. The Board announced that Mr. Chang Feng (Mr. Chang), an Executive Director of the company, has been appointed as the Deputy Chairman of the Board and the Deputy Managing Director of the Company (performing the role of chief executive for the purposes of Appendix 14 of the Listing Rules) with effect from 21 November 2022.

Mr. Liu ceased to act as the authorized representative of the company for the purposes of Rule 3.05 of the Listing Rules with effect from 21 November 2022. Mr. Chang has been appointed as the Authorised Representative to replace Mr. Liu with effect from 21 November 2022.