The board of China Conch Environment Protection Holdings Limited announced that Mr. Li Xiaobo has been appointed as the General Manager of the company with effect from 14 October 2022. Mr. Li Xiaobo will be entitled to receive emoluments of approximately RMB 2.51 million per annum for his positions as both the executive Director and the General Manager. Such emoluments are determined by the Board in accordance with the operating results and the remuneration policy of the Company and with reference to his qualifications, experience, job responsibilities and prevailing market rate.

Mr. Li Xiaobo has tendered his resignation as the deputy general manager of Conch Cement on 14 October 2022.