Chanjet Information Technology : (1) PROPOSED RE-ELECTIONS OF DIRECTORS AND SUPERVISORS AND (2) RETIREMENT AND PROPOSED APPOINTMENT OF SUPERVISORS

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CHANJET INFORMATION TECHNOLOGY COMPANY LIMITED*

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1588)

1. PROPOSED RE-ELECTIONS OF DIRECTORS AND SUPERVISORS AND
2. RETIREMENT AND PROPOSED APPOINTMENT OF SUPERVISORS

PROPOSED RE-ELECTIONS OF DIRECTORS AND SUPERVISORS

The board (the "Board") of directors (the "Directors") of Chanjet Information Technology Company Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that the Board and the supervisory committee of the Company (the "Supervisory Committee") have proposed the re-elections (the "Proposed Re-elections") of the Directors and the supervisors of the Company (the "Supervisors") to constitute the fourth session of the Board and the Supervisory Committee, respectively.

The ordinary resolutions in relation to the Proposed Re-elections will be proposed at the extraordinary general meeting of the Company to be convened on Tuesday, 8 September 2020 (the "EGM"). The term of office of the fourth session of the Board and the fourth session of the Supervisory Committee will be three years from the date of approval of the Proposed Re-elections by the shareholders of the Company (the "Shareholders") at the EGM.

Proposed re-election of Directors

As the term of office of the third session of the Board will expire on 7 September 2020, the Board has proposed the re-election of the following persons as the Directors of the fourth session of the Board:

1. each of Mr. Wang Wenjing and Mr. Wu Zhengping as a non-executive Director of the fourth session of the Board;
2. Mr. Yang Yuchun as an executive Director of the fourth session of the Board; and

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1. each of Mr. Chen, Kevin Chien-wen, Mr. Lau, Chun Fai Douglas and Mr. Chen Shuning as an independent non-executive Director of the fourth session of the Board.

Proposed re-election of Supervisors

As the term of office of the third session of the Supervisory Committee will expire on 7 September 2020, the Supervisory Committee has proposed the re-election of the following persons as the Supervisors of the fourth session of the Supervisory Committee:

1. Mr. Guo Xinping as a shareholder representative Supervisor of the fourth session of the Supervisory Committee; and
2. each of Mr. Ruan Guangli and Mr. Ma Yongyi as an independent Supervisor of the fourth session of the Supervisory Committee.

Pursuant to the articles of association of the Company (the "Articles of Association"), the election of the employee representative Supervisors of the fourth session of the Supervisory Committee will be considered and approved by the meeting of the employee representatives of the Company (the "Employee Representatives Meeting") and is not subject to the Shareholders' approval. Ms. Ren Jie was re-elected as an employee representative Supervisor of the fourth session of the Supervisory Committee at the Employee Representatives Meeting held on 4 August 2020 with a term of office consistent with the term of the fourth session of the Supervisory Committee, being three years from the date of approval of the Proposed Re-elections by the Shareholders at the EGM.

RETIREMENT AND PROPOSED APPOINTMENT OF SUPERVISORS

Retirement of Supervisors

The Board further announces that:

1. Mr. Zhang Peilin ("Mr. Zhang") has proposed to retire as a shareholder representative Supervisor due to other work arrangements, with effect from the commencement of the term of the fourth session of the Supervisory Committee; and
2. Mr. Cai Jingsheng ("Mr. Cai") has proposed to retire as an employee representative Supervisor due to other work arrangements, with effect from the commencement of the term of the fourth session of the Supervisory Committee.

Each of Mr. Zhang and Mr. Cai has confirmed that he has no disagreement with the Board, the Supervisory Committee and the Company, and that there are no matters relating to his retirement which need to be brought to the attention of the Shareholders.

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Mr. Zhang and Mr. Cai had been diligent and responsible during their tenure as Supervisors. The Board and the Supervisory Committee would like to take this opportunity to express their sincere gratitude to Mr. Zhang and Mr. Cai for their contributions to the Company during their term of office.

Proposed appointment of Supervisors

The Board is pleased to announce that:

1. The Supervisory Committee has proposed the appointment of Mr. Xu Zhoujin ("Mr. Xu") as a shareholder representative Supervisor of the fourth session of the Supervisory Committee on 4 August 2020, the relevant ordinary resolution of which will be proposed at the EGM; and
2. Ms. Xia Yuhan ("Ms. Xia") has been appointed as an employee representative Supervisor of the fourth session of the Supervisory Committee at the Employee Representatives Meeting held on 4 August 2020.

The biographical details of Mr. Xu and Ms. Xia are set out below:

Mr. Xu Zhoujin (徐洲金), aged 46, joined Yonyou Network Technology Co., Ltd. ("Yonyou"), a controlling shareholder of the Company, in April 2020, and has been serving as the executive vice president and the chief financial officer of Yonyou since July 2020. Prior to joining Yonyou, Mr. Xu worked for HNA Group Company Limited or its subsidiaries from July 1997 to April 2020, and has served successively as the chief financial officer of Hainan Airlines Company Limited (currently known as Hainan Airlines Holding Company Limited), a company listed on the Shanghai Stock Exchange (Stock Code: 600221), the chief financial officer of HNA Aviation Group Company Limited, the chief financial officer of HNA Group Company Limited and the investment vice president of HNA Aviation Group Company Limited. Mr. Xu graduated from the Central University of Finance and Economics with a bachelor's degree in economics in July 1997. He was recognised as a senior accountant by the Hainan Province Human Resources and Social Security Bureau in March 2016.

Ms. Xia Yuhan (夏玉晗), aged 40, joined the Group in December 2011 and has been engaged in human resources related work. She served as an officer of the human resources department from December 2011 to December 2013, the recruitment manager of the human resources department from January 2014 to February 2017, the human resources general manager of the human resources administration department from December 2018 to December 2019, and has been serving as the human resources business partner (HRBP) of the human resources administration department since December 2019 to present. Ms. Xia graduated from Beihang University (北京航空航天大學) in September 2017 and obtained a bachelor's degree in management.

The Company will enter into a service contract with each of Mr. Xu and Ms. Xia for a term of office consistent with the term of the fourth session of the Supervisory Committee, being three years from the date of approval of the Proposed Re-elections by the Shareholders at the EGM, subject to re-

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election pursuant to the Articles of Association. Mr. Xu and Ms. Xia will not receive any remuneration as a shareholder representative Supervisor and an employee representative Supervisor, respectively, from the Company.

Mr. Xu was the legal representative and a director of the following company, which was deregistered under the Company Law of the People's Republic of China (the "PRC"), the details of which are as follows:

		Nature of
	Positions	business before	Date of		Method of
Name of company	previously held	dissolution	dissolution	Jurisdiction	dissolution
Hunan Golden	Legal	Capital operation	9 April 2019	PRC	Deregistration
Deer Investment	representative,	planning and
Management	director	management and
Co., Ltd. (湖南		investment
金鹿投資管理有		management
限公司)

As confirmed by Mr. Xu, the above company was inactive and had no outstanding liabilities at the time of deregistration and to the best of his knowledge, information and belief, the deregistration of that company has not resulted in or will not result in any liabilities or obligations being imposed against him.

Save as disclosed above, as at the date of this announcement, each of Mr. Xu and Ms. Xia (i) does not have any relationship with any directors, supervisors, senior management or substantial or controlling shareholders of the Company; (ii) does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (iii) does not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years and does not hold other positions with the Company or any of its subsidiaries.

Save as disclosed in this announcement, there are no other matters that need to be brought to the attention of the Shareholders in connection with the proposed appointments of Mr. Xu and Ms. Xia, and there is no other information that is required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

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GENERAL

A circular containing, among other things, further details of the Proposed Re-elections and the proposed appointment of Mr. Xu, and a notice convening the EGM will be despatched to the Shareholders in due course.

On behalf of the Board

Chanjet Information Technology Company Limited

Wang Wenjing

Chairman

Beijing, the PRC

4 August 2020

As at the date of this announcement, the non-executive Directors are Mr. Wang Wenjing and Mr. Wu Zhengping; the executive Director is Mr. Yang Yuchun; and the independent non-executive Directors are Mr. Chen, Kevin Chien-wen, Mr. Lau, Chun Fai Douglas and Mr. Chen Shuning.

• For identification purposes only

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