The board of directors of China Ocean Group Development Limited (the ‘Company') announced that, with effect from 28 January 2022, Mr. Cai Haipeng (‘Mr. Cai') has been appointed as a non-executive Director. Mr. Cai is currently a director of Shenzhen Mingren Holding Group Co. Ltd. Mr. Cai has served as a director of a China joint-stock securities company, responsible for operations and risk control compliance matters.

He has held management positions in various companies in China since 2011 and has extensive experience in corporate management. Mr. Cai is the brother of Mr. Cai Haiming, a non-executive director of the Company.