The board of directors of China Overseas Nuoxin International Holdings Limited announced that Mr. Gao Jianbo has tendered his resignation as an executive Director and the chairman of the Board with effect from 25 January 2022 as he intended to devote more time to his other business engagements. Following the resignation of Mr. Gao, the Board also announces that with effect from 25 January 2022, Mr. Zhang Huijun, an executive Director, has been appointed as the chairman of the Board.