China Aircraft Leasing Group Holdings Limited announces that with effect from 11 July 2023: (1) Mr. WANG Hongyang has tendered his resignation as a Non-executive Director, a member of each of Remuneration Committee and Sustainability Steering Committee on Environmental, Social and Governance Issues and chairman of Strategy Committee of the Company; and (2) Ms. WANG Yun has been appointed as a Non-executive Director, a member of each of Remuneration Committee and Sustainability Steering Committee on Environmental, Social and Governance Issues and chairman of Strategy Committee of the Company. Mr. WANG has confirmed that he has no disagreement with the Board and there are no matters with respect 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"). Ms. WANG Yun, aged 54, is an executive director and vice president of China Everbright Limited, a substantial shareholder of the Company, and a non-executive director of Everbright Grand China Assets Limited.

Prior to joining the Company, Ms. WANG worked at the National Planning Commission of the People's Republic of China (currently known as the National Development and Reform Commission of the People's Republic of China) from September 1991 to July 1992. From July 1992 to March 1993, Ms. WANG worked as the finance manager at Beijing Fulanka Digital System Co. Ltd. From March 1993 to May 1998, Ms. WANG worked as the finance supervisor at China Everbright International Economic and Technical Cooperation Corporation.

From May 1998 to November 1999, Ms. WANG worked as the financial manager at China Everbright(South Africa) Company (Proprietary) Limited ("Everbright South Africa") and Everbright International Engineering (Proprietary) Company ("Everbright International Engineering"). From November 1999 to September 2007, Ms. WANG worked as the chief financial officer of Everbright South Africa and Everbright International Engineering. From September 2007 to October 2012, Ms. WANG worked as the senior manager of insurance and non-financial audit division of the audit department at China Everbright (Group) Limited (currently known as China Everbright Group Limited) ("China Everbright Group").

The Board announces that, following the change of Directors as set out above and with effect from 11 July 2023: (1) Mr. WAGN has ceased to be a member of each of Remuneration Committee and Sustainability Steering Committee on Environmental, Social and Governance Issues and chairman of Strategy Committee of the Company; and (2) Ms. WANG has been appointed as a member of each of Remuneration Committee and Sustainability Steering Committee on Environmental, Social and Governance Issues and chairman of Strategy Committee of the Company.