China Investment Development Limited announced that: Ms. Chen Shunqing ("Ms. Chen") has been appointed as an independent non-executive director, a member of the Nomination Committee, the Remuneration Committee and the Risk Management committee, and to replace Ms. Mo Li ("Ms. Mo") as the chairman of the Audit Committee of the Company with effect from 27 July 2022. Mr. Zhang Junze ("Mr. Zhang") has been appointed as a non-executive director of the Company with effect from 27 July 2022. Ms. Chen, aged 54, holds the qualification certificates of China junior accountant certificate and chief accountant officer certificate. Ms. Chen has focused on finance management and so on fields in the past 27 years, has rich practical experience in finance, and could provide effective and unique analysis and advice on financial matters involved. Mr. Zhang, aged 51, was graduated from Yat-sen University, Guangzhou in 1996. Mr. Zhang has been appointed as executive director of China Huiying United Supply Chain Group Co., Limited since January 2016. Mr. Zhang was the general manager of Puning Fageer Clothing Factory Company Limited responsible for the overall operation of the factory during the period from 1998 to 2016. Mr. Zhang is currently member of the Shenzhen Chaoshan chamber of commerce and the Honorary chairman of Shenzhen Longgang District private enterprise chamber of commerce. From 20 December 2019, Mr. Zhang has been appointed as a non-executive
Director of Yat Sing Holdings Limited. The Board is also announced that Ms. Chen has been appointed to replace Mr. Han Zhenghai ("Mr. Han") as an Authorised Representative with effect from 27 July 2022. Ms. Chen has also been appointed to replace Mr. Han as an authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 27 July 2022. Following the appointment of Ms. Chen, the Authorised Representatives of the Company are Mr. Li Wancheng and Ms. Chen.