The board of directors of Chaoda Modern Agriculture (Holdings) Limited announced that Ms. Li Ying has been appointed as an independent non-executive director of the Company with effect from 1 June 2023. Ms. Li Ying (Ms. Li), aged 57, obtained a certificate in Jiaying University in Meizhou City, Guangdong Province, the People's Republic of China in financial management in December 2005. Ms. Li Ying has vast experience in sales, marketing and finance management.

From March 1983 to December 2001, Ms. Li Ying was the head of the Chinese and western pharmaceutical medical devices department of the Head Office of Meizhou Meixian Pharmaceutical Company in the PRC, where she was in charge of the retail stores of the company, the overall company management, business development, key accounts and client management, and formulation of sales strategy. Since January 2002, Ms. Li has been serving as the chief financial officer and the office director of Jiayun Auto Repair Factory in Meixian District, Meizhou City, the PRC, where Ms. Li, as the chief financial officer, is in charge of the overall financial management of the company, including budget planning, financial analysis, and management of the financial actions of the company. Ms. Li, as the office director at the same time, is also responsible for information and personnel management and works alongside the general manager of the company in meeting departmental goals and objectives and monitoring safe production.

As at the date of this announcement, Ms. Li did not hold any directorship in the last three years at any public companies, the securities of which are listed in Hong Kong or overseas, and does not hold any other position within the Company or any of its subsidiaries. Ms. Li does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company, and does not have any interest in the listed securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).