The Board of Continental Aerospace Technologies Holding Limited announced that Mr. Zhao Yang ("Mr. Zhao") has resigned from the position as the chief executive officer of the Company (the "Chief Executive Officer") with effect from 1 April 2022 but will remain as an executive Director. Mr. Zhao has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as the Chief Executive Officer that needs to be brought to the attention of the Shareholders and the Stock Exchange. In view of the resignation of Mr. Zhao as the Chief Executive Officer, the company hereby announced that Mr. Zhao as the Chief Executive Officer, the Company hereby announced that Mr. Yu Xiaodong ("Mr. Yu"), an executive Director, has been appointed as the Chief Executive Officer with effect from 1 April 2022.