The board of directors of Coolpad Group Limited announced that Dr. HUANG Dazhan ("Dr. Huang") has resigned as an independent non-executive Director and a member of each of the audit committee (the "Audit Committee") and the remuneration committee (the "Remuneration Committee") of the Board with effect from 18 January 2022, as he wishes to devote more time to his other commitments; and (2) Mr. LAM Ting Fung Freeman ("Mr. Lam") has resigned as an executive Director of the Board with effect from 18 January 2022, as he wishes to devote more time to his other commitments. The Board announced that Mr. Ngai Tsz Hin Michael ("Mr. Ngai") has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Remuneration Committee with effect from 18 January 2022. Dr. Huang has resigned from his position as a member of each of the Audit Committee and Remuneration Committee.

Mr. Ngai has been appointed as a member of each of the Audit Committee and Remuneration Committee.