The board of directors of China Tianrui Group Cement Company Limited announced that Mr. LI Xuanyu (“Mr. Li'') has been appointed as an executive Director and the chairman of the Board (the “Chairman'') while Mr. Li Liufa, a non-executive Director has ceased to act as the Chairman, all with effect from 21 October 2022. Mr. Li, aged 35, is experienced in administration and corporate management. Mr. Li has worked as the deputy head of department, head of department and deputy general manager in the department of operations management of Pingdingshan Ruiping Coal & Electricity Company Limited, the deputy general manager of Luoyang Chengxiang Jianshe Investment Group Limited, and joined its Group as deputy general manager in October 2021.

Mr. Li graduated from Durham University in the United Kingdom with a bachelor's degree in Business Finance; the City University of London in the United Kingdom with a master's degree in Management; and Columbia University in the United States of America with a master's degree in Public Administration.