The board of directors of Honghua Group Limited announces that Mr. Liu Xiaofeng has tendered his resignation as an Independent Non-Executive Director, Chairman of Remuneration Committee and member of Remuneration Committee, Audit Committee and Strategic Investment and Risk Control Committee of the Company with effect from November 19, 2021 due to devoting more time to other business. Mr. Liu has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in relation to his resignation. The Board announces that, following the resignation of Mr. Liu and with effect from November 19, 2021, Ms.Su Mei, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee. Mr. Poon Chiu Kwok has been appointed as the member of the Remuneration Committee.