China Best Group Holding Limited announced that with effect from 11 October 2022, Mr. Ru Xiangan (æMr. RuÆ) has ceased to be the independent non-executive Director upon expiration of the term of office under the letter of appointment entered into between the Company and Mr. Ru (the æLetter of AppointmentÆ). Mr. Ru has confirmed that he has no disagreement with the Board and that there is no other matter in relation to his cessation of directorship that needs to be brought to the attention of the shareholders of the Company. Mr. Ye Jianmu (æMr. YeÆ) has been appointed as the independent non-executive Director and the member of the Audit Committee, the Remuneration Committee and the Nomination Committee; Ms. Yin Meiqun (æMs. YinÆ), who is the independent non-executive Director, has been appointed as the chairman of the Audit Committee; and Mr. Liu Tonghui (æMr. LiuÆ), who is the independent non-executive Director, has been appointed as he chairman of the Remuneration Committee.

Mr. Ye, aged 55, graduated from China University of Geosciences, Wuhan with a bachelor's degree in Industrial Management and Engineering in 1992 and obtained a master's degree in Engineering in 1996 and a doctor's degree in Management Science and Engineering in 2003 from Wuhan University of Technology. Mr. Ye has been teaching in the School of Management of Wuhan University of Technology since July 2003 and currently is a professor of the Finance and Accounting Faculty and a doctoral supervisor. He is an expert reviewer in various science projects conducted by government bodies, including the National Natural Science Foundation of China the National Social, Science Fund of China and The Ministry of Education of Humanities and Social Science Project He is also a council member of the Accounting Society of Wuhan City From April 2012 to March 2014, he was an independent director of Hubei Hongcheng General Machinery Co.

Ltd. (currently known as Hubei Jumpcan Pharmaceutical Co. Ltd). Since December 2021, he has appointed as independent director of Wuhan Changli New Material Technology Co.

Ltd.