The board of directors of Peking University Resources (Holdings) Company Limited announced that Mr. Zheng Fu Shuang resigned as an executive Director with effect from 7 July 2022 as he would like to devote more time to focus on his other personal engagements. Mr. Zheng has confirmed to the Company that he has no claim whatsoever against the Company for compensation for loss of office or otherwise nor disagreement with the Board, and that he is not aware of any matter in respect of his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the shareholders of Company.