APT Satellite Holdings Limited announced Cheng Guangren resigned as the executive director, president of the Company and the authorized representative of the Company under The Rules Governing the Listing of Securities and under Part 16 of the Companies Ordinance for the reason of work re-allocation. Qi Liang has resigned as the executive director, vice president of the Company, a member of each of the nomination committee and remuneration committee of the Board for retirement. The Board also announced that with effect from 30 March 2022, Mr. Wang Hongbin appointed as an executive director, president and the authorized representative of the Company and Mr. Yan Zhao appointed as an executive director and vice president of the Company.

Mr. Wang, has more than 30 years of experience in satellite communication industry. Mr. Wang is currently a deputy general manager of China Satellite Communications Company Limited. Mr. Yan has more than 15 years of experience in satellite communication industry.

Mr. Yan is currently the head of corporate strategy department of CSCC, and a director of Sino Satellite Communications Company Limited.