The board of directors of China Tobacco International (HK) Company Limited announced that each of Ms. Li Yan (Ms. Li) and Mr. Liang Deqing (Mr. Liang) tendered her/his resignation as an executive director of the Company with effect from September 23, 2022 due to change of work arrangements. Each of Ms. Li and Mr. Liang has confirmed that she/he has no disagreement with the Board and there is no matter relating to her/his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). During their tenure with the company, Ms. Li and Mr. Liang were committed, diligent and dedicated, implemented the Company's business strategies to achieve good business growth and shareholders' returns.

The Board would like to express its sincere gratitude to Ms. Li and Mr. Liang for their contribution. The Board announced the appointment of each of Mr. Xu Zengyun (Mr. Xu) and Ms. Mao Zilu (Ms. Mao) as an executive director of the Company with effect from September 23, 2022. Mr. Xu Zengyun Mr. Xu, aged 38, joined the company in September 2022 as a vice general manager of the Company.

Mr. Xu has 15 years of experience in the tobacco industry and business expansion in the international tobacco market as well as management of international joint ventures and overseas enterprises. From July 2007 to January 2021, he successively served as a staff member, senior staff member, principal staff member and associate consultant of China Tobacco International Inc. During the period, he also worked as the senior brand manager and deputy brand director at CTBAT International Co. Limited from August 2013 to August 2016; the vice general manager at Radiant Star Trading Co.

(L.L.C) from February 2017 to January 2019; the vice general manager and the manager of marketing department at China Tobacco International Middle East General Trading FZCO from January 2019 to January 2020. From January 2021 to September 2022, Mr. Xu was the deputy director of cigarette business department of China Tobacco International Group Limited. Mr. Xu received a bachelor's degree in international economics and trade from the School of Economics and Management of Dalian Maritime University in July 2007 and a master's degree in management from the School of Business of Renmin University of China in January 2013.

Ms. Mao Zilu Ms. Mao, aged 36, joined the company in April 2022 as the director of tobacco leaf operation department and legal and compliance department of the Company. Ms. Mao has 12 years of experience of foreign trade management in the tobacco industry. From July 2010 to September 2020, she successively served as a senior staff member and principal staff member of the tobacco leaf operation department of China Tobacco International Inc. From September 2020 to April 2022, Ms. Mao successively served as a principal staff member and an associate consultant of the state trade department of China Tobacco International Inc. Ms. Mao received a bachelor's degree in law and a master's degree in international law from Renmin University of China in June 2008 and June 2010, respectively.

She obtained the Legal Professional Qualification Certificate of the People's Republic of China ("PRC") in February 2009 and the Intermediate Economics Professional Qualification awarded by the Ministry of Human Resources and Social Security of the PRC in October 2021. Change in Composition Of Board's Committee The Board announces that, following the resignation of Ms. Li and the appointment of Mr. Xu as an executive director of the Company, with effect from September 23, 2022: Ms. Li ceased to be a member of the Strategic Development Committee of the Company; and Mr. Xu was appointed as a member of the Strategic Development Committee. As at the date of this announcement, the Board comprises Mr. Shao Yan, as Chairman and non-executive director of the Company, Ms. Yang Xuemei, Mr. Wang Chengrui, Mr. Xu Zengyun and Ms. Mao Zilu as executive directors of the Company, and Mr. Chow Siu Lui, Mr. Wang Xinhua, Mr. Chau Kwok Keung and Mr. Qian Yi as independent non-executive directors of the Company.