China Tobacco International (HK) Company Limited announces that Ms. Yang Xuemei ("Ms. Yang") tendered her resignation as an executive director of the Company, the General Manager of the Company and an authorised representative of the Company with effect from 4 July 2023 due to change of work arrangements. The Board announce the appointment of Mr. Dai Jiahui ("Mr. Dai") as an executive director of the Company, the General Manager of the Company and an authorised representative of the Company with effect from 4 July 2023. Mr. Dai Jiahui, aged 49, joined in July 2023 as an executive director and general manager of the Company.

Mr. Dai was an officer of the Financial Audit Division of Beijing Xicheng Auditing Bureau from August1998 to October 2000. From October 2000 to December 2005, he served successively as deputy principal staff member and principal staff member of the financial management department of China Tobacco Import & Export (Group) Corporation. From December 2005 to June 2012, he worked as deputy director of the financial department of China Cigarette Sales Company.

During the period, he also worked as manager of the finance department of CTPM International SA from September 2006 to May 2012. From June 2012 to January 2017, he served as deputy director of the financial management department of China Tobacco International Inc. From January 2017 to January 2021, he was director of the financial management department of China Tobacco International Inc. From January 2021 to July 2023, he served successively as director of the financial management department and director of the human resource department of China Tobacco International Group Limited. Mr. Dai received a bachelor's degree in economics from the China Institute of Finance in July 1997.

He qualified as a Senior Accountant of China National Tobacco Corporation in September 2008. Mr. Dai will enter into a service contract with the Company for a term of three years commencing from 4 July 2023. Mr. Dai will retire at the next annual general meeting of the Company and then be eligible for re-election and thereafter he will be subject to retirement by rotation and re-election in accordance with the Listing Rules and the Company's articles of association.

During the tenure of Mr. Dai, the Company will not pay directors' remuneration to him. The Board announces that, following the resignation of Ms. Yang and the appointment of Mr. Dai as an executive director of the Company, with effect from 4 July 2023: (a) Ms. Yang ceased to be a member of the Connected Transactions Control Committee of the Company (the "Connected Transactions Control Committee") and a member of the Strategic Development Committee of the Company (the "Strategic Development Committee"); and (b) Mr. Dai was appointed as a member of the Connected Transactions Control Committee and a member of the Strategic Development Committee.