The board of directors of China Best Group Holding Limited announced that the following changes of members of the Board and the executive committee of the Company (the ‘Executive Committee') and the authorized representative of the Company (the ‘Authorized Representative') under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited have been effective from 3 February 2022. With effect from 3 February 2022, Mr. Liu Wei (‘Mr. Liu') and Mr. Chen Wei (‘Mr. Chen') have ceased to be executive Directors upon expiration of the term of office under the service agreements respectively entered into between the Company and Mr. Liu or Mr. Chen (the ‘Service Agreements'). Pursuant to the Service Agreements, the term of office of Mr. Liu and Mr. Chen expired on 2 February 2022.

Since the Service Agreements were not renewed, Mr. Liu and Mr. Chen have ceased to be executive Directors with effect from 3 February 2022. Immediately following the cessation, Mr. Liu has also ceased to be the chairman of the Executive Committee and Mr. Chen has also ceased to be the member of the Executive Committee and the Authorized Representative, but they will remain as directors of several subsidiaries of the Company. With effect from 3 February 2022, Mr. Qin Jie (‘Mr. Qin'), the executive Director and the chief executive officer of the Company has been appointed as the chairman of the Executive Committee, and Ms. Tao Lei (‘Ms. Tao'), the executive Director has been appointed as the Authorized Representative.