China Communications Construction Company Limited announced that Following the approval by the Shareholders of the Company at the EGM, the Board announced that, with effect from 22 October 2020, Mr. Wang Tongzhou ("Mr. Wang") has been appointed as an executive Director of the Company. The term of office of Mr. Wang will commence from the date of approval by the Shareholders at the EGM to the date of expiry of the fourth session of the Board. On 22 October 2020, the Board has received a resignation letter from Mr. Liu Qitao ("Mr. Liu"), who, due to the attainment of retirement age, reported to the Board to resign as an executive Director and the chairman of the Board and ceased to be the chairman of the Strategy and Investment Committee and the Nomination Committee of the Board. Pursuant to relevant regulations, the resignation of Mr. Liu shall take effect upon the receipt of his resignation letter by the Board. Mr. Liu has confirmed that he has no disagreement with the Board and is not aware of any matter relating to his resignation that needs to be brought to the attention of the Shareholders of the Company. The Board announced that at the Board meeting held on 22 October 2020, Mr. Wang has been elected as the chairman of the Board, and appointed as the chairman of the Strategy and Investment Committee and the Nomination Committee of the Board with a term of office commencing from the date of appointment at the Board meeting to the date of expiry of the fourth session of the Board. Mr. Wang will not receive further emolument from the Company for holding the above additional positions in the Company. Mr. Song Hailiang resigned as an executive Director and the president of the Company due to change of work, and Mr. Wang was therefore appointed as the president of the Company on 22 September 2020. On 22 October 2020, Mr. Liu resigned as an executive Director and the chairman of the Board due to the attainment of retirement age, and Mr. Wang was elected as the chairman of the Board. Following the appointment of Mr. Wang as the chairman of the Board, there will be a deviation from Code Provision A.2.1. Notwithstanding, the Board believes that the balance of power and authority is adequately ensured by the operation of the Board, which comprises experienced talents with a sufficient number thereof being independent non-executive Directors, and therefore the performance of the roles of the chairman of the Board and the president of the Company concurrently by Mr. Wang temporarily will not impair the balance of power and authority between the Board and the management of the Company.