On September 9, 2021, Huiyi Chen, an independent director, Chair of the Audit Committee, and member of the Nominating Committee, resigned from the Board of Directors of China XD Plastics Company Limited. Effective as of September 9, 2021, the Company’s Board of Directors appointed Feng Li as an independent director to the Board of Directors, as Chair of the Audit Committee, and as a member of the Nominating Committee. Mr. Li serves as a deputy director at Plastics Processing R&D Center of Beijing Research Institute of the Chemical Industry, as well as a member of the Science and Technology Committee of Beijing Research Institute of the Chemical Industry. He has substantial experience in technology, production, and business management in the chemical industry. Under his leadership in various senior roles, including Vice General Manager, Director, and Chief Engineer responsible for project design, investment, management and finance, Mr. Li successfully launched and operated several joint ventures between Beijing Chemical Industry Research Institute.