China VAST Industrial Urban Development Company Limited announces that, with effect from 19 July 2021, Mr. Huang Peikun has resigned from his role as chief financial officer of the Company and Mr. Zhao Lei has been appointed as the chief financial officer of the Company. Mr. Zhao has 17 years of experience in corporate finance and accounting management, investment and financing management, capital market and investor relations. Prior to joining the Group, from August 2004 to October 2009, Mr. Zhao worked at PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership) where he served as an audit manager. In November 2009, Mr. Zhao joined China Jinmao Holdings Group Limited where he successively served as manager in analytics and evaluation, assistant to general manager, deputy general manager and general manager of the financial management department and general manager of the capital market department, and has been acting as the deputy general manager of the finance and capital center since May 2021.