The board of directors of China Everbright Greentech Limited announced that, due to personal career planning, Mr. WANG Tianyi (Mr. WANG) will resign as the non-executive director and chairman of the Board and the chairman of the nomination committee of the Company with effect from 18 June 2022. Mr. WANG has been a Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee since January 2018. During his term of office, Mr. WANG led Everbright Greentech to adhere to the corporate mission of "Devote to Ecology and Environment for a Beautiful China", create better investment value and undertake more social responsibility, firmly promote high-speed, high-quality and sustainable development, actively pursue strategic transformation, continuously enhancing its market-leading edge.

The Board would like to take this opportunity to express its sincere gratitude to Mr. WANG for his valuable and outstanding contributions to the Group. With effect from 18 June 2022, the Board (after considering the recommendation of the Nomination Committee) will appoint Mr. HUANG Haiqing (Mr. HUANG) as the Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee of the Company. Mr. HUANG will also be appointed in place of Mr. WANG as the executive director and chairman of the board, the chairman of the nomination committee and a member of the remuneration committee of China Everbright Environment Group Limited, a controlling shareholder of the Company which is listed on the Main Board of the Stock Exchange.

Mr. HUANG Haiqing, aged 57, is currently a director of China Everbright Holdings Company Limited, an indirect controlling shareholder of the Company. He holds a doctoral degree in Economics from Southwestern University of Finance and Economics. Mr. HUANG is currently a member of the Strategic Advisory Committee and postgraduate tutor of the PBC School of Finance of Tsinghua University, he is also a senior economist.

Prior to joining the Group, Mr. HUANG had served as executive director and president of China Everbright Holdings Company Limited, member of CPC committee and secretary of the discipline committee (executive vice president level) of China Everbright Bank Company Limited (the shares of which are listed on the Stock Exchange and Shanghai Stock Exchange). He also served as division chief level officer of Hainan Provincial Branch of Industrial and Commercial Bank of China Limited, deputy general manager of Pudong Branch of Bank of Shanghai, and vice mayor of Xi'an City. As at the date of this announcement, Mr. HUANG is not interested or deemed to be interested in any shares or underlying shares of the Company and its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).