China Jinmao Holdings Group Limited announces that Mr. YANG Lin has resigned as a non-executive director and a member of the Audit Committee of the Company with effect from 15 June 2022 due to his other business commitments which require more of his dedication. The Board further announces that Mr. LI Fuli has been appointed by the Board as a non-executive director and a member of the Audit Committee of the Company with effect from 15 June 2022. In accordance with the Articles of Association of the Company, Mr. LI shall be subject to election by the shareholders of the Company at the first annual general meeting of the Company following his appointment.

Mr. LI Fuli, born in December 1965, joined Sinochem Holdings Corporation Ltd. in May 2022, and held positions as the chief accountant and the deputy general manager. Prior to joining Sinochem Holdings Corporation Ltd., Mr. LI worked in China Minmetals Group and its various subsidiaries from January 1991 to August 2018, and served as the vice president of China Minmetals Corporation, the general manager of Minmetals Investment & Development Co. Ltd., the chairman of MMG Limited, the chairman of China Minmetals Non-ferrous Metals Holding Company Limited, and the chairman of Minmetals Land Limited.

Mr. LI had held various positions in China Resources Group and its various subsidiaries from August 2018 to May 2022, and served as the chief accountant and the deputy general manager of China Resources (Holdings) Company Limited, the chairman of China Resources Capital Holdings Company Limited, the chairman of China Resources SZITIC Trust Co. Ltd. and the chairman of China Resources Bank of Zhuhai Co. Ltd. He served as the chairman of China Resources Microelectronics Limited from April 2019 to April 2020, the chairman of China Resources Cement Holdings Limited from December 2020 to May 2022.

Mr. LI has nearly 35 years of experience in strategic investment, corporate finance and financial management. Mr. LI obtained a bachelor's degree in economics from Renmin University of China in 1988 and an executive master's degree in business administration (EMBA) from Cheung Kong Graduate School of Business in 2006. The Company will enter into a letter of appointment with Mr. LI.

His term of office as a director shall be three years, subject to the provisions regarding the retirement of director under the Articles of Association of the Company. Mr. LI will not receive any director's fee for serving as a non-executive director of the Company. As at the date of this announcement, Mr. LI does not have, nor is he deemed to have, any interests or short positions in any shares, underlying shares and debentures of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).

Save as disclosed above, Mr. LI does not hold any other position in the Company or any of its subsidiaries, has not held any directorship in any listed public companies in the past three years, and does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. In addition, there is no information relating to Mr. LI that is required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, nor is there any matter relating to his appointment which needs to be brought to the attention of the shareholders of the Company.