The board of CWT International Limited announced that, with effect from 21 February 2022: Mr. Zhang Can has resigned as an Executive Director and the Chairman, and he ceased to act as the chairman of each of the Executive Committee, the Investment Committee and the Nomination Committee, a member of the Remuneration Committee and an Authorised Representative; and Mr. Wang Kan has been appointed as an executive director and the Chairman as well as the chairman of each of the Executive Committee, the Investment Committee and the Nomination Committee, a member of the Remuneration Committee and an Authorized Representative. Mr. Wang is currently the executive deputy general manager of the asset operation department of HNA Group and the general manager of the asset management department of the non-aviation asset management division under HNA Group. Mr. Wang is also currently a director of HY Energy Group Co.

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