The board of directors of China Saite Group Company Limited announced that with effect from 3 May 2022, Mr. Li Xulin (Mr. Li) has resigned as the chairman of the board, an executive director of the company, the chairman of the nomination committee of the board and an authorized representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to his desire to devote more time to assist the company in maintaining operation of its subsidiaries in the People's Republic of China. Following the resignation of Mr. Li, the board announced that with effect from 3 May 2022, Mr. Shan Hu, an executive Director, shall temporarily assume the duties of chairman of the board until the new chairman has been appointed and has been appointed as an authorized representative of the company under Rule 3.05 of the Listing Rules to fill the vacancy of Mr. Li; and Mr. Choi Ho Yan, an independent non-executive Director, has been appointed as the chairman of the nomination committee.