Chengdu SIWI Science and Technology Company Limited has resigned as an executive Director and Mr. Xiao Xiaozhou has resigned as an independent non-executive Director with effect from 6 September 2022, as both Mr. Li and Mr. Xiao would like to dedicate more time to other personal affairs. Mr. Li and Mr. Xiao both confirmed that they have no disagreement with the Board and there are no matters relating to their resignation that need to be brought to the attention of the shareholders of the Company. The Board further announces that it has resolved to appoint Mr. Chen Wei as an executive Director and Mr. Xue Shujin as an independent non-executive Director with effect from 6 September 2022 until the end of the tenth session of the Board of the Company.

Mr. Chen Wei, aged 35, is a senior engineer and is currently the deputy director of the material assurance department, a secretary of the Party Branch of the material assurance department and the tender management office of the 29th Research Institute of China Electronics Technology Group Corporation (the "29th Research Institute"). Mr. Chen received his bachelor's degree in mechanical design manufacturing and automation and master's degree in Mechanical Electronic Engineering from Huazhong University of Science and Technology in 2008 and 2011 respectively. Since obtaining his master's degree, Mr. Chen joined the 29th Research Institute and has successively served different positions including an engineer, the party secretary (presiding over the work) and deputy director of the department of arts and engineering, and the deputy director of the department of integrated planning of the 29th Research Institute.

Mr. Chen has extensive experience in mechanical and electronic automation. Mr. Xue Shujin, aged 65, is a senior engineer and is currently the legal representative of Tianjin Quanbo Technology Limited Company. Mr. Xue graduated from Chengdu Telecommunications Engineering Institute.

Mr. Xue has served various engineering positions in the state-owned 609 factory, with his last position as the chief engineer and he was also appointed as the strategic advisor for Heng Tong Group Company Limited and a technical advisor for Tong Guang Group Company Limited. Mr. Xue has been involved in the field of telecommunication manufacturing and technology development for almost 40 years and has an established reputation as an expert within the industry. The Board further announces that Mr. Li has resigned as the chairman of the strategic development committee of the Company and Mr. Xiao has resigned as a member of the Remuneration and Appraisal Committee, nomination committee, audit committee and strategic development committee of the Company.

Mr. Wu Xiaodong, an executive Director has been redesignated as the chairman of the strategic and development committee of the Company, Mr. Chen has been appointed as a member of the Remuneration and Appraisal Committee to fill the casual vacancy following the re-designation of Mr. Wu Xiaodong and Mr. Xue has been appointed to fill the casual vacancy arising from Mr. Xiao's resignation, as a member of each of the Remuneration and Appraisal Committee, nomination committee, audit committee and strategic development committee of the Company.