The board of directors of Da Ming International Holdings Limited announced that each of Dr. Fukui Tsutomu and Mr. Wang Jian has tendered his resignation as executive director of the company with effect from 30 June 2022; and Mr. Liu Fuxing has tendered his resignation as an independent non-executive director of the Company with effect from 30 June 2022. Dr. Fukui Tsutomu has decided to resign from the Board due to his other work commitments. Dr. Fukui Tsutomu will continue to serve as the general manager of major engineering project department of (Jiangsu Daming Industrial Technology Group Co.

Ltd.), which is a wholly-owned subsidiary of the Company. Mr. Wang Jian has decided to resign from the Board due to his other work commitments. Mr. Wang Jian will continue to serve as the chairman of the board of directors of (Daming Heavy Industry Co.

Ltd.), which is a wholly-owned subsidiary of the Company. Mr. Liu Fuxing has decided to resign from the Board due to his other work commitments. The Board announced that Mr. Qian Li and Mr. Ni Chen will be appointed as executive directors of the Company with effect from 30 June 2022.

Mr. Qian, aged 48, is currently the vice president, the director of human resources and administration and the supervisor of (Jiangsu Daming Industrial Technology Group Co. Ltd.). Mr. Qian currently serves as a director and the legal representative of (Taiyuan Taigang Daming Metal Technology Co.

Ltd.). Mr. Qian studied computer and applications and graduated from (Nanjing Chemical Industrial School) in July 1994. From June 2004 to May 2005, he undertook the excellent manager advanced training programme organised by the School of Continuing Education of Fudan University.

He is currently attending an advanced business administration training course organised by Shanghai Jiao Tong University. Mr. Qian has extensive experience in sales and procurement of stainless steel. Mr. Qian joined the Group in 1998.

He was an executive director of the Company from March 2007 to March 2012. From January 2007 to July 2009, he was the department head of the supply department of (Jiangsu Daming Metal Products Co. Ltd.).

From August 2009 to April 2013, Mr. Qian was the assistant to the general manager of Jiangsu Daming and the department head of the supply department of Jiangsu Daming. From May 2013 to July 2013, he was the assistant to the general manager of Jiangsu Daming. From August 2013 to December 2013, Mr. Qian was the assistant to the general manager of Jiangsu Daming, as well as the principal department head, and the department head of the management department, of the main sales department of Jiangsu Daming.

From January 2014 to February 2015, he was the sales director of Jiangsu Daming. From March 2015 to December 2021, he was the general manager of Taiyuan Taigang. Mr. Ni, aged 41, is currently the general manager and director of Taiyuan Taigang, which is a non-wholly owned subsidiary of the Company.

Mr. Ni studied computer applications and maintenance and graduated from (Huaihai Institute of Technology) in July 2003. Mr. Ni has extensive experience in sales and procurement of stainless steel. Mr. Ni joined the Group in 2005.

From July 2005 to June 2009, Mr. Ni was the team leader of the sales department of Jiangsu Daming. From July 2009 to October 2010, Mr. Ni was the department head of the sales department of (Hangzhou Wanzhou Metal Products Co. Ltd.).

From October 2010 to November 2011, he was the assistant to the department head of the main sales department of Jiangsu Daming and the department head of the sales department of Hangzhou Wanzhou. From December 2011 to April 2013, Mr. Ni was the deputy department head of the supply department of Jiangsu Daming. From May 2013 to January 2015, he was the department head of the supply department of (Jiangsu Daming Allybest Trading Co.

Ltd.). From February 2015 to April 2018, Mr. Ni was the assistant to the marketing director of Jiangsu Daming. From May 2018 to December 2018, he was the procurement director of Jiangsu Daming.

From January 2019 to December 2021, Mr. Ni was the general manager of the stainless steel business unit of Jiangsu Daming.