The board of directors of CITIC Resources Holdings Limited announced that, with effect from 1 December 2023, Mr. Gao Pei Ji has resigned from the following positions, due to voluntary retirement: independent non-executive Director; chairman of the remuneration committee of the Company (the Remuneration Committee); and member of the audit committee of the Company (the Audit Committee), the nomination committee of the Company (the Nomination Committee) and the risk management committee of the Company (the Risk Management Committee). The Board also announced that, with effect from 1 December 2023, Mr. Lu Dequan (Mr. Lu) has been appointed to the following positions: independent non-executive Director; chairman of the Remuneration Committee; and member of the Audit Committee, the Nomination Committee and the Risk Management Committee. Mr. Lu Dequan, aged 64, holds a Senior Engineer Certificate from China Petrochemical Corporation (SINOPEC), a Qualified Foreign Trader Certificate from the Ministry of Foreign Economic Relations and Trade of the People's Republic of China, and a Qualified Futures Trader Certificate from the China Securities Regulatory Commission.

He holds a Bachelor's Degree from Beijing University of Chemical Technology in Chemical Synthesis. From October 2008 to July 2020, Mr. Lu served as the vice president of Innovation Technology Limited and 3I Corporation Limited in Hong Kong and was in charge of the petrol chemical products and equipment business. He served as the vice president of China Petrochemical International Company Limited from July 2007 to April 2008, where he was in charge of chemicals and equipment import and export business.

Prior to that, he worked at China International United Petroleum and Chemical Company Limited (UNIPEC), a trading arm of SINOPEC, serving as the vice general manager and general manager at the Crude Oil Department of UNIPEC from January 1998 to July 2000, the managing director at the UK branch of UNIPEC from July 2000 to June 2006, and the vice president of UNIPEC from June 2006 to July 2007. During his employment at UNIPEC, Mr. Lu was mainly responsible for crude oil trading, shipping and finance derivative hedging businesses. Prior to working at UNIPEC, Mr. Lu held several positions in the subsidiaries of SINOPEC, including the general manager of oil department and the vice president of SINOPEC (Hong Kong) Limited from September 1991 to December 1997, where he was responsible for import, export and international trading of crude oil and oil products, crude oil processing, and hedging business.

Mr. Lu has over 38 years' experience in petrochemical and international trading business.