The board of directors of Honghua Group Limited announced that Mr. Yang Qiang ("Mr. Yang") was appointed as an executive director of the Company with effect from 17 May 2024. Mr. Yang, aged 43, holder of a bachelor's degree. He once worked in Dongfang Electric Machinery Co.

Ltd. from 2004, served as deputy director of the equipment department, deputy director of the material purchasing department and deputy director of the procurement centre, and was the deputy secretary of the Party Committee and employee representative of Dongfang Electric Autocontrol Engineering Co. Ltd.At present, Mr. Yang serves as the Party Deputy Secretary of Honghua (China) Investment Co. Ltd. and a director of Sichuan Honghua Petroleum Equipment Co.

Ltd., both being the subsidiaries of the Company. Mr. Yang has extensive experience in material procurement, equipment management, technology management and human resources management.