The board of directors of CEFC Hong Kong Financial Investment Company Limited announced that Mr. Li Yang ("Mr. Li") has been appointed as the Chairman of the Board, an executive Director, the chairman of the Nomination Committee, the chairman of the Corporate Governance Committee, a member of the Remuneration Committee and an authorised representative with effect from 19 January 2022. From August 2020 to February 2021, he also acted as an executive director of CT Environmental Group Limited. The Board also announced that Ms. Tin Yat Yu Carol ("Ms. Tin") has tendered her resignation as the Chairman of the Board due to the other business required more of her dedication, while she remains as an executive director of the Company, and Mr. Li has been appointed as the Chairman of the Board, all with effect from 19 January 2022.

The Board also announces that the authorised representative of the Company under Rule 3.05 of the Listing Rules is changed from Ms. Tin to Mr. Li with effect from 19 January 2022. The Board also announces that Mr. Li has been appointed as (a) the chairman of the Nomination Committee; (b) the chairman of the Corporate Governance Committee; and (c) a member of the Remuneration Committee of the Company respectively in place of Ms. Tin, all with effect from 19 January 2022.