COFCO Joycome Foods Limited announced that, with effect from June 10, 2022, Mr. Xu Jianong ("Mr. Xu") has resigned as the executive Director, managing Director and general manager of the Company due to his other business commitments that require more of his dedication. After his resignation becomes effective, Mr. Xu would also cease to be the chairman of the Food Safety Committee of the Board (the "Food Safety Committee") and an authorized representative of the Company. Mr. Xu confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr. Xu for his valuable contributions to the Board and the Company during his tenure of service. The Board announces that, with effect from June 10, 2022: (1) Mr. Jiang Guojin, the existing Chairman of the Board and executive Director, has been appointed as the chairman of the Food Safety Committee; and (2) Dr. Zhao Wei, the existing non-executive Director of the Company, has been appointed as a member of the Food Safety Committee. The Board announces that, with effect from June 10, 2022, Mr. Jiang Guojin has been appointed as the general manager of the Company.

n accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Company shall appoint two authorized representatives as primary channels of communication between the Company and The Stock Exchange of Hong Kong Limited. Accordingly, the Company appoints Mr. Jiang Guojin as an authorized representative of the Company in succession to Mr. Xu. Ms. Chau Hing Ling, the joint company secretary, acts as the other authorized representative of the Company.