Honghua Group Limited announce that a nomination committee has been established by the Board with written terms of reference with effect from 29 December 2021. The Nomination Committee comprises Mr. Jin Liliang (chairman of the Board), Mr. Chen Guoming (independent non-executive Director) and Mr. Chang Qing (independent non-executive Director). Mr. Jin Liliang has been appointed as the chairman of the Nomination Committee. The Board announces that Mr. Zhang Mi ("Mr. Zhang") will cease to be the President of the Company, and he was re-designated as a non-executive Director from an executive Director, also ceased to be the vice Chairman of the Board with effect from 1 January 2022 due to devoting more time to personal business. The Board announced that Mr. Jiang Fuhao ("Mr. Jiang") is appointed as the president of the Company with effect from 1 January 2022.