The board of directors of Skyworth Group Limited announced that with effect from 30 April 2022, due to internal work re-allocation, Mr. Liu Tangzhi ("Mr. Liu"), an executive Director, ceased to be the Chief Executive Officer of the Company, and is redesignated as the Vice Chairman of the Board, so that he can focus his time and attention on such role. Mr. Shi Chi ("Mr. Shi"), an executive Director, is appointed as the Chief Executive Officer of the Company with effect from 30 April 2022. Both Mr. Liu and Mr. Shi will remain to serve as executive Directors and there is no other change to the composition of the Board or of its committees as a result of the foregoing.

Mr. Liu Tangzhi, male, aged 58, joined the Group in 1998. Mr. Liu is an executive Director and a director of certain subsidiaries of the Company. He was appointed as the Chief Executive Officer of the Company on 1 April 2017.

Mr. Liu is the director of Skyworth Group Co. Ltd. Mr. Shi Chi, male, aged 50, is an executive Director of the Company. He joined the Group in 2000 and is a director and the president of Skyworth Digital, presided over the operation and management of Skyworth Digital in long-term.