The board of directors of Chiho Environmental Group Limited announced that Mr. Qin Yongming has ceased to be an executive Director, chairman of the Board and chairman of each of the executive committee (the Executive Committee), the nomination committee (the Nomination Committee) and the strategy and investment committee (the Strategy and Investment Committee) and the pricing committee (the Pricing Committee) with effect from 16 December 2020, as he would like to focus on and devote more time to his other business and personal commitments. Mr. Qin has confirmed to the Board that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the Shareholders) and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The board announced that Mr. Chen Chunguo ("Mr. Chen") has been appointed as an executive Director the chairman of the Board and chairman of each of the Executive Committee, the Nomination Committee and the Strategy and Investment Committee, and the Pricing Committee with effect from 16 December 2020.