The board (the "Board") of directors ("Directors", each a "Director") of Coolpad Group Limited (the "Company", together with its subsidiaries, collectively the "Group") announces that Mr. Xie Weixin ("Mr. Xie") has resigned as an independent non-executive Director and a member of each of the audit committee (the "Audit Committee"), remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Board with effect from 21 December 2021, as he wishes to devote more time to his other commitments. The Board announced that Mr. Chiu Sin Nang Kenny ("Mr. Chiu") has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Remuneration Committee and the Nomination Committee with effect from 21 December 2021. Mr. Chiu, aged 60, has over 30 years of experience in accounting. Mr. Chiu has held various senior accounting and finance positions in sectors of property investment and development, and information technology development business. Mr. Xie has resigned from his position as a member of each of the Audit Committee, Remuneration Committee and the Nomination Committee. Mr. Chiu has been appointed as a member of each of the Audit Committee, Remuneration Committee and the Nomination Committee.