The Board China National Building Material Company Limited announced that due to work requirement, with effective August 27, 2021, Mr. Peng Shou ceased to be the president and a member of the Strategic Steering Committee of the company and the company intended to appoint him as the chief engineer and chief scientist of the company for a term starting from August 27, 2021 and consistent with that of the current session of the Board and he is eligible for re-election for his directorship. According to the nomination of the Chairman, the company intended to appoint Mr. Chang Zhangli as the president and a member of the Strategic Steering Committee of the company, and re-designate Mr. Chang Zhangli from a non-executive director as an executive director of the company for a term starting from August 27, 2021 and consistent with that of the current session of the board of directors and he is eligible for re-election for his directorship. Mr. Peng Shou has confirmed that he has no disagreement with the board of directors and there is no other matter in relation to the change of president and re-designation of director that needs to be brought to the attention of the Shareholders. Mr. Chang Zhangli has extensive business and management experience in offering and listing of the Company's shares on the Stock Exchange, issuance of new shares, capital operation, business restructuring and corporate governance of the company.