The board of directors (the "Board") of Tianjin Development Holdings Limited (the "Company") announced that Mr. Zhang Bingjun has resigned as Chairman of the Board (the "Chairman") and Executive Director, chairman of the nomination committee, member of each of the remuneration committee and the investment committee and ceased to be an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 7 January 2022 due to his other work engagements. Mr. Zhang confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Wang Gang has been appointed as Chairman and Executive Director, chairman of the nomination committee, member of each of the remuneration committee and the investment committee of the Company as well as authorised representative of the Company as required under Rule 3.05 of the Listing Rules with effect
from 7 January 2022. Prior to joining the Company, Wang Gang had served in various executive roles including vice manager of Heat and Power Company of Tianjin Economic and Technological Development Area, manager of Tianjin TEDA Tsinlien Gas Company, manager of construction management department of Tianjin TEDA Investment Holding Co. Ltd. ("TEDA Holding", a controlling shareholder of the Company), chairman of Tianjin TEDA Ocean Development Co. Ltd. as well as chairman of Tianjin Eco-city TEDA Ocean Technology Development Co. Ltd. Mr. Wang is currently the assistant to general manager of TEDA Holding and a non-executive director of Binhai Investment Company Limited.