The board of directors of China Development Bank International Investment Limited hereby announced that the term of office of appointment of Dr. FAN Ren Da as an independent non-executive director of the Company (the "Independent Non-executive Director") will expire on 20 March 2024. Dr. FAN will also retire from his positions as a member of the audit committee, remuneration committee and nomination committee of the Board of the Company. Dr. FAN has confirmed that he does not wish to renew the appointment after the end of his current term in order to devote more time to other work arrangements.

The Board announces that Ms. FANG Xuan ("Ms. FANG") has been appointed as an Independent Non-executive Director, a member of the audit committee, remuneration committee and nomination committee of the Board, with effect from 20 March 2024. Ms. FANG Xuan, aged 53, was appointed as an Independent Non-executive Director of the Company, and a member of the audit committee, remuneration committee and nomination committee of the Board on 20 March 2024. Ms. FANG has extensive experience in the finance and treasury industry.

She worked at Beijing Enterprises Holdings Ltd, a company listed on the Stock Exchange (stock code: 0392. HK), from June 2000 to July 2019, with her last position as a financial accounting manager of the Hong Kong capital finance department. She has been serving as a financial director at CR Construction Group Holdings Ltd, a company listed on the Stock Exchange since August 2019.

Ms. FANG served as a finance director at Mingxi Charity Foundation from August 2016 to July 2019. Ms. FANG has been serving as a member of the consultative committee of the Liaison Office of the Association of Certified Public Accountants of China in Hong Kong and a member of the Standing Committee of the Shaanxi Provincial Committee of the Chinese People's Political Consultative Conference since June 2022 and January 2023, respectively. She currently also serves at The Hong Kong Chinese Enterprises Association Financial & Accounting Affairs Steering Committee as the Executive Vice Secretary General.

Ms. FANG has been a member of the Association of International Accountant since June 2015 and a senior member of Association of International Accountant since September 2020. She has also been a member of China Association of Chief Financial Officers (CACFO) since December 2016 and a member of Hong Kong Professionals and Senior Executives Association since January 2021. Ms. FANG obtained her bachelor's degree in accounting in October 2006 from University of Bolton in England.

She also completed a senior program on public administration in Tsinghua University in Beijing, the PRC, in August 2022 and obtained an EMBA degree from the City University of Hong Kong in October 2021.