The board of directors of China Asia Valley Group Limited announces that Ms. Wang Lijiao a non-executive Director, has been re designated from a non-executive Director to an executive Director with effect from 18 November 2022 (the "Redesignation"). Following the Redesignation, Ms. Wang has also ceased to be a member of the audit committee of the Company (the "Audit Committee"). Ms. Wang remains to be an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Ms. Wang Lijiao, aged 41, was appointed as a non-executive Director and a member of the Audit Committee on 30 September 2019. Ms. Wang is the director of China Asia Graphene Holding Group Co. Limited and China Asia Group (HK) Limited, both of which are controlling shareholders of the Company interested in 2,112,395,735 shares of the Company, representing approximately 74.93% of the issued share capital of the Company as at the date of this announcement.

She has been serving as the chief financial officer of China Asia Zhi Ye Group Limited since 8 April 2008. Ms. Wang graduated from the Communication University of China in 2021 with a bachelor's degree in accounting through online studies.