China Hongqiao Group Limited announced executive changes. Mr. Li Zimin resigned to act as a non-executive Director with effect from 29 December 2022 due to work reallocation; and Mr. Zhang Hao has ceased to act as an alternate Director to Mr. Li with effect from 29 December 2022 subsequent to the resignation of Mr. Li due to Mr. Li's resignation. The company also announced that Mr. Liu Xiaojun has been appointed as a non-executive Director with effect from 29 December 2022.

The biographical details of Mr. Liu are set out below pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Mr. Liu, aged 46, graduated from Xiamen University in July 1999 and obtained a bachelor's degree, majoring in taxation. He also graduated from Fudan University in July 2002 and obtained a master's degree, majoring in finance.

From July 2002 to April 2006, Mr. Liu served as the deputy business manager and business manager of China Construction Bank Corporation. Since April 2006, he successively served various positions in Citic Trust Co. Ltd., including the deputy general manager and the general manager of the second division of trust business, business director and deputy general manager.

Since December 2022, he has also served as the alternate director of Mr. Tu Yikai, who is a director of CTI Capital Management Limited. The company also announced Mr. Zhang has been appointed as an alternate Director to Mr. Liu with effect from 29 December 2022. The biographical details of Mr. Zhang are set out below pursuant to Rule 13.51(2) of the Listing Rules.

Mr. Zhang, aged 48, graduated from University of International Business and Economics, with a bachelor of economics degree majoring in international finance in July 1996. Mr. Zhang served as a foreign exchange trader and the deputy manager of the treasury department of China CITIC Industrial Bank successively from August 1996 to June 2003. He served as a director of the financial market department of Calyon Hong Kong Limited from July 2003 to June 2005, and an executive director of the financial market department of Bear Stearns Asia Limited from July 2005 to June 2008.

He also served as the managing director of the financial market department of Standard Chartered Bank (HK) Ltd, from July 2008 to July 2014. From 11 December 2017 to 2 February 2018 and from 31 August 2018 to 27 January 2021, he served as an alternate Director to Mr. Chen Yisong, a former non-executive Director of the Company. From 27 January 2021 to 29 December 2022, he served as an alternate Director to Mr. Li, a former non-executive Director of the Company.

Since August 2014, Mr. Zhang has served as the chief executive officer and the director of CTI Capital Management Limited and also served in CTI Capital Hong Kong Limited, being a wholly-owned subsidiary of CTI Capital Management Limited and holding licenses issued by the Securities and Futures Commission of Hong Kong to carry out regulated activities) as the chief executive officer, the director, the responsible officer for type 1 (dealing in securities) and type 4 (advising on securities) regulated activities and the licensed representative for type 9 (asset management) regulated activities.