China Primary Energy Holdings Limited announced Mr. Wong Pui Yiu ("Mr. Wong") has retired as an executive Director and has ceased as an authorised representative ("Authorised Representative") and the compliance officer (the "Compliance Officer") of the Company, all with effect from 1 February 2022 as he would like to devote more time to his own work arrangement. Mr. Wong has confirmed that he has no disagreement with the Board and there is no other matter in relation 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 (the "Stock Exchange"). Following the cessation of Mr. Wong as an Authorised Representative under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules"), Mr. Yuan Geng, an executive Director of the Company, will be appointed as an Authorised Representative with effect from 1 February 2022.

Following the cessation of Mr. Wong as the Compliance Officer under Rule 5.19 of the GEM Listing Rules, Mr. Yuan Geng, an executive Director of the Company, will be appointed as the Compliance Officer with effect from 1 February 2022.