The board of C&D International Investment Group Limited announced that with effect from 25 August 2022, (i) Mr. Zhuang Yuekai (Mr. Zhuang) has resigned as an executive director of the company (Director), the chairperson of the board (the chairperson) and chairperson of the nomination committee of the board (nomination committee) due to his personal reasons; (ii) Ms. Zhao Chengmin (Ms. Zhao) has been appointed as the chairperson and chairperson of the nomination committee; and (iii) Mr. Tian Meitan (Mr. Tian) has been appointed as an executive director. Mr. Zhuang has confirmed that he has no disagreement with the board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited. Ms. Zhao Chengmin, aged 53, was appointed as an executive Director on 10 February 2015 and is one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules.

She was the deputy executive officer from 20 March 2015 to 15 March 2016. Ms. Zhao graduated from Xiamen University with a master's degree in business administration and is a senior accountant. Ms. Zhao has engaged in financial work for more than 30 years, accumulating a wealth of financial management experience.

Ms. Zhao joined Xiamen C&D Corporation Limited (``Xiamen C&D'') since September 1990 and worked in C&D Real Estate Corporation Limited (``C&D Real Estate'') for many years. She currently serves as, among others, a director of Xiamen C&D, a director and general manager and the vice secretary of the party committee of C&D Real Estate, a director of Well Land International Limited and Well Honour International Limited. Ms. Zhao worked as finance controller and vice-general manager in Xiamen Overseas Chinese Electronic Co.

Ltd. Ms. Zhao has entered into a service agreement with the Company for an initial term of three years commencing from 10 February 2015, which is renewable automatically for successive terms of one year commencing from the day immediately after the expiry of the then current term of her appointment, unless terminated in accordance with the terms of the service agreement. Ms. Zhao is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Articles of Association of the company. Pursuant to the service agreement with the company, Ms. Zhao is entitled to a director's annual emolument of RMB 3,000,000 per annum, which was determined by the Board with reference to her experience, knowledge, qualification, duties and responsibilities within the company and its subsidiaries (collectively, the ``Group'') and the prevailing market conditions, and such management bonus and other benefits as may be determined by and at the sole discretion of the Board (upon recommendation of the remuneration committee of the board) from time to time.

Mr. Tian Meitan, aged 44, has been appointed as an executive director with effect from 25 August 2022. Mr. Tian joined C&D Real Estate in 2012 and served as deputy general manager of Shanghai Business Department, general manager of Suzhou Business Department, general manager and chairman of East-China Branch of C&D Real Estate. He is currently the chairman of East-China Branch of C&D Real Estate.

Mr. Tian graduated from Wuhan University with a bachelor's degree in Economics and China Europe International Business School with an EMBA degree, and is an intermediate economist. Mr. Tian entered into a service agreement with the Company, pursuant to which his appointment will take effect on 25 August 2022 for a term of three years (the term will be automatically renewed for another one year from the next day upon expiry of each term), and is subject to retirement and re-election at the forthcoming annual general meeting of the company. Mr. Tian is entitled to a director's annual emolument of RMB 3,000,000, which was determined by the Board with reference to his experience, knowledge, qualification, duties and responsibilities within the Group and the prevailing market conditions, and such management bonus and other benefits as may be determined by and at the sole discretion of the Board (upon recommendation of the remuneration committee of the Board) from time to time.