The board of directors of SIIC ENVIRONMENT HOLDINGS LTD. announced that due to re-designation of work, Xu Xiaobing, an executive Director and a director of certain subsidiaries of the Company, has stepped down from the position as the Chief Executive Officer of the Company with effect from 15 January 2021. Xu confirmed that he has no disagreement with the Board and that there is no other matter in connection with his stepping down from the position of the CEO that should be brought to the attention of the shareholders of the Company, the SGX or the SEHK. Following the stepping down of Mr. Xu from the position as the CEO, Mr. Yang Jianwei ('Mr. Yang'), an executive Director and a director of certain subsidiaries of the company, has been appointed as the CEO with effect from 15 January 2021.