The board of directors of Chiho Environmental Group Limited announced that Mr. Liu Yongxin (?Mr. Liu?) has been appointed as an executive director of the company with effect from 19 December 2023. Mr. Liu, aged 38, holds a master's degree from Remin University of China Law School, majoring in Civil and Commercial Law. Mr. Liu is an Intermediate Economist of the PRC.

Since December 2017, Mr. Liu has joined ABC Financial Assets Investment Co. Ltd. as a senior manager and was subsequently promoted as an investment director. Prior to that, Mr. Liu had approximately seven years' working experience at Beijing International Trust Co.

Ltd. and Agricultural Bank of China, with expertise in asset management. The Company has entered into a letter of appointment with Mr. Liu for his appointment for an initial term of one year commencing from 19 December 2023, subject to termination in certain circumstances as stipulated in the letter of appointment and retirement and the re-election provisions in accordance with the Articles of Association of the Company. Mr. Liu shall hold office until the next annual general meeting of the Company, where he shall be eligible for re-election, and thereafter subject to retirement by rotation at least once every three years and will be eligible for re-election at each annual general meeting of the company in accordance with the company's articles of association.