The board of directors of China Investments Holdings Limited announced that at the forthcoming 2022 annual general meeting of the Company (the "2022 AGM"), Mr. Chen Da Cheng ("Mr. Chen"), an independent non-executive director of the Company (the "INED"), will retire as an INED by rotation from office in accordance with the bye-laws of the Company (the "Bye-laws") and he will not offer himself for re-election due to his personal business commitments, and accordingly, he will cease to act as an INED upon the conclusion of the 2022 AGM. Thereafter, he will cease to act as the chairman and member of the remuneration committee (the "Remuneration Committee") and a member of each of the audit committee (the "Audit Committee") and the nomination committee (the "Nomination Committee") of the Company. Mr. Deng Hong Ping, an existing INED, will be appointed as the chairman of the Remuneration Committee after Mr. Chen has ceased to act as the chairman of the Remuneration Committee.