CMIC Ocean En Tech : ANNOUNCEMENT - CHANGE OF NON-EXECUTIVE DIRECTORS

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CMIC Ocean En-Tech Holding Co., Ltd.

華商國際海洋能源科技控股有限公司

(Incorporated in Cayman Islands with limited liability)

(Stock Code: 206)

CHANGE OF NON-EXECUTIVE DIRECTORS

The board of directors (the "Board") of CMIC Ocean En-Tech Holding Co., Ltd. (the "Company") announces that with effect from 15 April 2021,

1. Mr. Qian Zewei has resigned as non-executive director of the Company.
2. Mr. Ren Zhiqiang has been appointed as non-executive director of the Company.

RESIGNATION OF DIRECTOR

The Board of the Company announces that with effect from 15 April 2021, Mr. Qian Zewei has resigned as non-executive director of the Company due to his other work commitments.

Mr. Qian Zewei 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.

The Board wishes to express its sincere gratitude and appreciation to Mr. Qian Zewei for his dedication and invaluable contributions to the Company during his tenure.

APPOINTMENT OF DIRECTOR

The Board of the Company further announces that with effect from 15 April 2021, Mr. Ren Zhiqiang has been appointed as non-executive director of the Company.

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The biographical details of Mr. Ren Zhiqiang are as follows:

Mr. Ren Zhiqiang, aged 38, is currently the secretary to the board of directors of China Great Wall AMC (International) Holdings Co., Ltd. (中國長城資產(國際)控股有限公司) and the managing

director of the Investment Banking Department. From 2017 to 2020, he served as the managing director of the special assets department, business approval and management department and comprehensive management department of China Great Wall AMC (International) Holdings Co., Ltd. From 2011 to 2016, he successively served as manager of the business audit department and office affairs of China Great Wall Asset Management Co., Ltd. Mr. Ren holds a master degree in law from China University of Political Science and Law. Save as disclosed above, Mr. Ren did not hold any directorship in other listed public companies in the last three years and did not hold any position with the Company and other members of the Group.

Mr. Ren has entered into an appointment contract with the Company for a term of three years. However, he will be subject to rotational retirement and re-election requirements at annual general meeting of the Company pursuant to the articles of association of the Company. Mr. Ren will not receive any Directors' fee or other emoluments from the Company. Save as disclosed above, Mr. Ren is and was not connected with any directors, senior management or substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Ren did not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, the Board is not aware of any other matters relating to the aforesaid changes that need to be brought to the attention of the shareholders of the Company and any other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to extend a warm welcome to Mr. Ren in joining the Board of the Company.

By order of the Board

CMIC OCEAN EN-TECH HOLDING CO., LTD.

Lou Dongyang

Chairman

Hong Kong, 15 April 2021

As of the date of this announcement, the Board comprises 3 executive Directors, namely Mr. Cong Yongjian, Mr. Jiang Bing Hua and Mr. Zhang Menggui, Morgan; 4 non-executive Directors, namely Mr. Lou Dongyang, Mr. Wang Jianzhong, Ms. Fu Rui and Mr. Ren Zhiqiang; and 4 independent non-executive Directors, namely Mr. Chan Ngai Sang, Kenny, Mr. Zou Zhendong, Mr. Chen Weidong and Mr. Sun Dongchang.

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