The board of directors (the "Board") of China Pipe Group Limited (the "Company"), announce that, with effect from 3 January 2023, Mr. Wang Chaolong ("Mr. Wang") has been appointed as an independent non-executive director, member of the audit committee (the "Audit Committee"), member of the remuneration committee (the "Remuneration Committee") and member of nomination committee (the "Nomination Committee") of the Company. The biography of the new director is set out in the paragraphs below: Mr. Wang, aged 63, has extensive experience in corporate management. Mr. Wang has been the chairman of Shanghai Xinxing Medicine Co.

Ltd. from July 2013 to September 2021. From December 1994 to June 2013, he served in several positions in China Xinxing (Group) Corporation's subsidiaries. From December 2001 to June 2013, he served in China Xinxing Industrial Development Company, currently known as China Xinxing Asset Management Company Limited, including general manager and executive deputy general manager.

Mr. Wang served as a vice general manager of China Xinxing Construction Real Estate Development Corporation from November 1999 to December 2001. From June 1996 to October 1999, he served as vice general manager in China Xinxing Industrial Development Company and division chief and deputy division chief in investment department from December 1994 to May 1999. He served as a manager of the Operation Department of Beijing Zhongchuan Gas Engineering Development Company from March 1994 to December 1994.

He served as an engineer at the Science and Technology Bureau of China State Shipbuilding Corporation from May 1991 to February 1994. He served as an assistant/lecturer of Beijing Machinery Bureau Staff University from March 1983 to April 1991. The Board also announces that with effect from 3 January 2023, Mr. Wang has been appointed as a member of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee.

With effect from 3 January 2023, the composition of the Board committees has been changed as follows: Audit Committee: Mr. Wong Yee Shuen, Wilson (Chairman); Mr. Chen Wei Wen, Mr. Guan Zhiqiang, Mr. Wang Chaolong, Remuneration Committee: Mr. Guan Zhiqiang (Chairman), Mr. Lai Fulin, Mr. Chen Wei Wen, Mr. Wang Chaolong, Nomination Committee: Mr. Lai Fulin (Chairman), Mr. Chen Wei Wen, Mr. Guan Zhiqiang, Mr. Wang Chaolong.