The board of directors of China Chengtong Development Group Limited announced that due to other work commitment, Mr. Yang Tianzhou ("Mr. Yang") resigned as an executive Director with effect from 12 January 2024. Upon his resignation as an executive Director, Mr. Yang will cease to be a member of the executive committee and the chairman of the environmental, social and governance committee ("ESG Committee") of the Board. The Board also announces that with effect from 12 January 2024, Mr. Gu Honglin ("Mr. Gu"), an existing executive Director is appointed as the chairman of ESG Committee of the Board; Professor Chang Qing, an existing independent non-executive Director is appointed as a member of ESG Committee of the Board.

The executive committee of the Board comprises Mr. Zhang Bin (as chairman of the committee) and Mr. Gu while the ESG Committee of the Board comprises Mr. Gu (as chairman of the committee), Professor He Jia and Professor Chang Qing.