The board of directors of China Shanshui Cement Group Limited announced that due to work adjustment, Mr. Chang Zhangli ("Mr. Chang") has resigned from his position as the chairman of the Board and an executive director of the company and from all his positions in the subsidiaries of the Company, with effect from 15 December 2021, and also ceased to be the chairman of the executive committee of the Board. The Board announced that Mr. Li Huibao ("Mr. Li") has been appointed as the chairman of the Board, an executive director and the Authorised Representative of the company with effect from 15 December 2021 as Mr. Chang's replacement. Mr. Li, aged 60, has served as the president of Shandong Shanshui Cement Group Company Limited, a subsidiary of the Company, since July 2019 and the chairman of Shandong Shanshui Financial Leasing Co., Ltd, a subsidiary of the Company, since November 2019. The Board appointed Mr. Li has been appointed as the chairman of the executive committee of the Board with effect from 15 December 2021.