CITIC Limited announced that Ms. Li Yi (formerly known as Li Ruyi), aged 52, has been appointed as a Non- executive Director and a member of the Strategic Committee of the Company with effect from 30 November 2022. Ms. Li is currently a director of CITIC Corporation Limited. She worked as reporter of Anyang Daily, cadre of the publicity and education department of Anyang Municipal Commission for Discipline Inspection, deputy director of Bronze Mirror Editorial Office, deputy director (at section chief level) of the publicity and education department of Anyang Municipal Commission for Discipline Inspection, chief officer, deputy division chief and division chief of the educational affairs department of the Beidaihe training center of the Central Commission for Discipline Inspection, division chief and division chief of the second division of the inspection leading group office of the Ministry of Finance, deputy inspector and secondary inspector of the Party committee of the Ministry of Finance, secondary inspector and deputy director of the cadre education center of the Ministry of Finance.

Ms. Li graduated from Henan University with a Bachelor's degree in Chinese Language and Literature Editing. Mr. Song Kangle ("Mr. Song") has tendered his resignation as a Non-executive Director and a member of the Strategic Committee of the Company with effect from 30 November 2022 due to other work commitments. Mr. Peng Yanxiang ("Mr. Peng") has tendered his resignation as a Non-executive Director and a member of the Audit and Risk Management Committee of the Company with effect from 30 November 2022 due to other work commitments.

Each of Mr. Song and Mr. Peng has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Mr. Song and Mr. Peng served as Non-executive Directors of the Company since March 2016 and May 2018 respectively. Both of them have provided much guidance and support to the Company during their tenure of office.