The board of directors of China Aircraft Leasing Group Holdings Limited announced that Ms. LIU Wanting, Winnie ("Ms LIU"), an executive Director, will be subject to retirement by rotation according to the Company's Amended and Restated Memorandum and Articles of Association (the "Articles") at the annual general meeting of the Company to be held on 21 May 2024 (the "2024 AGM") and will not offer herself for re-election at the 2024 AGM. Upon conclusion of the 2024 AGM, Ms. LIU will cease to be the Company's Director. She will continue to serve as the President, Chief Commercial Officer, and member of each of the Strategy Committee and the Sustainability Steering Committee on Environmental, Social and Governance Issues of the Company.

With effect from 19 March 2024, she has been re-designated from the position of Deputy Chief Executive Officer of the Company to the President and has ceased to act as the authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and Mr. POON Ho Man has been appointed as the authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). The Board further announces that Mr. LI Guohui ("Mr. LI") has been appointed as an executive Director with effect from 19 March 2024. Mr. LI, aged 52, joined the Group in January 2023 and currently serving as the Chief Financial Officer, Chief Strategy Officer and Company Secretary of the Company.

He also acts as a director of a number of subsidiaries of the Company. He is responsible for managing the strategic planning, financing, investor relations, company secretarial matters, listing rules compliance and accounting matters of the Group. Prior to joining the Group, he has a track record in serving senior positions in the blue-chip and large-scale companies.

He is currently an independent non-executive director of each of Shandong Weigao Group Medical Polymer Company Limited and Space Group Holdings Limited. He has served as senior manager in investment, merger and acquisition/financial analysis of International Maritime Carriers Group in Singapore and Hong Kong from 2005 to 2009 and accounting director of finance department of China Resources (Group) Co. Ltd. from 2009 to 2013.

Mr. LI has served as an executive director, the chief financial officer, the vice president and the authorised representative under Rule 3.05 of the Listing Rules of China Resources Pharmaceutical Group Limited from 2013 to 2019, a non-executive director of Dong-E E-Jiao Co. Ltd. and China Resources Double Crane Pharmaceutical Co. Ltd. and a supervisor of Sanjiu Medical & Pharmaceutical Co.

Ltd. He was an executive director and joint chief financial officer of Zhongsheng Group Holdings Limited from 2019 to 2022. Mr. LI received a Master's degree in Financial Management from Nanyang Technological University in Singapore in 2005 and a Master's degree in Business Administration from Wuhan University in 2003 and obtained professional qualifications as a Chartered Financial Analyst qualified by the CFA Institute and a Certified Public Accountant (Singapore) qualified by the Singapore Institute of Chartered Accountants.