Haitian International Holdings Limited announced that Mr. Zhang Jingzhang has tendered his resignation as the chairman of the Board, executive Director and chairman of the nomination committee of the Company with effect from 21 August 2023. Mr. Zhang Jingzhang resigned due to his age and would also like to devote more time to his family and personal matters and he has confirmed that there has been no disagreement with the Board and that there are no matters which need to be brought to the attention of the Shareholders or the Stock Exchange in relation to his resignation. The Board hereby announces that, with effect from 21 August 2023, Mr. Zhang Jianming, an executive Director and the chief executive officer of the Company, has been re-designated as Chairman.

On the even day, he has ceased to be the Chief Executive Officer. Mr. Zhang Jianming, aged 60, is an executive Director and was the Chief Executive Officer since April 2000 and is responsible for the overall daily operations of the Group. Mr. Zhang Jianming joined the Group in August 1977 as worker and has gained extensive exposure in various departments of the Group.

With over 40 years of experience in the plastic processing machinery industry, Mr. Zhang Jianming is experienced in all facets of the overall operation of the Group. He was appointed as the director of Haitian Precision since March 2012. He obtained a master?s in business administration from the Management College of Fudan University in July 2002.

Mr. Zhang Jianming served as a member of the National Committee of the Chinese People's Political Consultative Conference in Beilun District in 1996 and as a director of the Quality Management Association of Beilun District of Ningbo from 1990 to 2000. In January 2006, Mr. Zhang Jianming was also selected as a representative of Ningbo's private enterprises to attend the National Science and Technology Conference. From 2003 to 2011, he was the chairman of Ningbo Plastic Machine Industry Association.

Mr. Zhang Jianming is the elder son of Mr. Zhang Jingzhang, the elder brother of Mr. Zhang Jianfeng, the brother-in-law of Mr. Guo Mingguang and Mr. Liu Jianbo and the father of Mr. Zhang Bin, all of whom are directors of the Company, save for Mr. Zhang Jingzhang after his resignation on even date. Mr. Zhang Jianming is also a director of Sky Treasure, Premier Capital and Cambridge Management. The Board hereby announces that, with effect from 21 August 2023 and following with the re-designation of Mr. Zhang Jianming, Mr. Zhang Bin, an executive Director, has been appointed as Chief Executive Officer.

Mr. Zhang Bin, aged 36, is an executive Director and was the executive vice president of the Group. Mr. Zhang Bin joined the Group in January 2014. He obtained his bachelor's degree in mechanical engineering from the University of Nottingham in July 2009, and his master's degree in engineering management from King's College London, the University of London, in January 2011.

Upon joining the Group in January 2014, Mr. Zhang Bin was appointed as an officer of the information management department of the Group. In January 2015, he also took up the role of assistant to general manager of Ningbo Zhafir Plastics Machinery Co. Ltd. under the Group.

In January 2017, Mr. Zhang Bin was appointed as general manager of Ningbo Zhafir Plastics Machinery Co. Ltd. under the Group. Mr. Zhang Bin was appointed as a director of Haitian Precision since 2018.

Mr. Zhang Bin is a grandson of Mr. Zhang Jingzhang and a son of Mr. Zhang Jianming. He is also a director of Cambridge Management. The Board hereby announces that, with effect from 21 August 2023, Ms. Chen Lu, the investment director of the Group, is appointed as an executive Director of the Company.

Ms. Chen Lu, aged 35, is currently the investment director of the Group. Ms. Chen graduated from Yale University in the United States in June 2013 with a Bachelor's degree in economics. She joined the investment banking department of Goldman Sachs (China) Securities Co.

Ltd., Beijing Branch in March 2013 as an intern and then joined Boston Consulting (Shanghai) Co. Ltd. in October 2013 as a strategy consulting manager. Ms. Chen joined the Group in March 2018 and was appointed as an investment manager; in January 2022, she was appointed as the investment director.

Ms. Chen Lu is the wife of Mr. Zhang Bin, granddaughter-in-law of Mr. Zhang Jingzhang, daughter-in-law of Mr. Zhang Jianming and niece-in-law of Mr. Zhang Jianfeng, Mr. Guo Mingguang and Mr. Liu Jianbo. The Board hereby announces that, with effect from 21 August 2023, Mr. Guo Yonghui, an independent non-executive Director and member of the Nomination Committee, has been appointed as the chairman of the Nomination Committee in place of Mr. Zhang Jingzhang, and Mr. Lou Baijun, an independent non-executive Director, has been appointed as a member of the Nomination Committee.