MIE Holdings Corporation announced that, with effect from May 26, 2022, Ms. Gao Yan has been appointed as a non-executive Director of the Company. Ms. Gao, aged 35, has extensive experience in the financial industry and is familiar with, among others, the fields of financial management, credit and investment. She joined the China Huarong in 2013 and has worked in different positions within the group since then.

She is currently the executive director of the assets preservation department of China Huarong (Macau) International Company Limited (a subsidiary of China Huarong Asset Management Co. Ltd. (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited . Ms. Gao graduated from the Graduate University of Chinese Academy of Social Sciences with a master's degree in financial management in 2013.

The Company has entered into an appointment letter with Ms. Gao, pursuant to which she has been appointed as a non-executive Director for an initial term of two years, subject to retirement by rotation and re-election at general meetings in accordance with the Company's Articles of Association. Ms. Gao will not receive any emoluments (i) under the appointment letter entered into between the Company and Ms. Gao, or (ii) otherwise in relation to Ms. Gao's appointment as a non-executive director of the Company. The Board announces that Mr. Feng Chong has resigned as a non-executive director of the Company with effect from May 26, 2022 to focus on his other business commitments.

Mr. Feng has confirmed that he has no disagreement with the Board, and there are no other matters in relation to his resignation that need to be brought to the attention of the Shareholders or the Stock Exchange. The Board would like to take this opportunity to express its gratitude to Mr. Feng for his contributions to the Board during his tenure of office.