The board of directors of China Foods Limited announced that Mr. SHEN Xinwen (Mr. SHEN) has been appointed as an executive director of the Company with effect from 29 September 2022. SHEN Xinwen, 50, is currently a deputy general manager and the deputy chief financial officer of COFCO Coca-Cola Beverages Limited ("COFCO Coca-Cola"), a 65%-owned subsidiary of the Company. Before joining COFCO Coca-Cola, Mr. Shen served as the executive deputy general manager of COFCO Technology & Industry Co.

Ltd. (formerly known as COFCO Engineering & Technology Co. Ltd.), a company listed in Shenzhen, from August 2020 to September 2022. From 1995 to August 2020, he has served various positions in certain subsidiaries of COFCO Corporation ("COFCO"), including the head of COFCO International (Beijing) Co.

Ltd., the senior financial manager of CTA Makro Commercial Co. Ltd., the general manager of finance department of COFCO Commercial Property Investment Co. Ltd., the deputy general manager of finance department of COFCO Land Limited, the deputy general manager of COFCO Land Limited, Beijing Branch, the general manager of Xidan Joy City Co., Ltd, the general manager of Grandjoy Holdings Group Co.

Ltd., (Northwestern Region), and the general manager of Xi'an Qinhantang International Plaza Management Limited. Currently, Mr. Shen is also a director of COFCO Technology & Industry Co. Ltd., a company listed in Shenzhen.

Mr. SHEN holds a Bachelor's degree in economics and a Master's degree in EMBA from the University of International Business and Economics. Mr. Shen is an intermediate accountant, and has over 20 years of experience in finance and accounting. He also has extensive experience in corporate administration.

The Board further announced that Mr. CHEN Lang ("Mr. CHEN") has tendered his resignation as a non-executive director and the chairman of the Board, a member and the chairman of the nomination committee of the Board ("Nomination Committee") and a member of the Remuneration Committee of the Company with effect from 29 September 2022 due to change of job arrangement. The Board further announced that Mr. QING Lijun (Mr. QING) has been appointed as the chairman of the Board of the Company in succession to Mr. CHEN, with effect from 29 September 2022. QING Lijun, 53, has been as an executive director and the managing director of the Company and a member and the chairman of the executive committee of the Board (the "Executive Committee") since January 2020.

Mr. QING is currently a director and the chief executive officer of COFCO Coca-Cola and a director of certain subsidiaries of the Company. Mr. QING joined COFCO and/or its subsidiaries in July 1993 and has held various positions including the director of strategy department of COFCO during the period from July 2016 to March 2019. Mr. QING was the deputy general manager of COFCO Coca-Cola during the period from December 2007 to June 2016.

Mr. QING has concurrently served as the strategy planning director of COFCO Coca-Cola during the period April 2004 to March 2014. During the period from April 2004 to June 2016, Mr. QING has also concurrently served various positions including the director of the public relations department and the director of the finance department of COFCO Coca-Cola, the general manager of COFCO Coca-Cola Beverages (Shandong) Limited and the general manager of COFCO Coca-Cola Beverages (Beijing) Limited. Mr. QING has served as the deputy general manager of Jilin COFCO Coca-Cola Beverages Limited during the period from June 2002 to March 2004 and a sales operation manager of COFCO Coca-Cola during April 2000 to May 2002.

The Board announced that Mr. QING has been appointed as a member and the chairman of the Nomination Committee and a member of the Remuneration Committee in succession to Mr. CHEN with effect from 29 September 2022. In addition, Mr. SHEN has been appointed as a member and the chairman of the environmental, social and governance committee ("ESG Committee") of the Board and a member of the Executive Committee with effect from 29 September 2022.