China Investment Fund Company Limited announced that Ms. Ma Xiaoqiu ("Ms. Ma") has resigned from all of her positions held with the Company, namely, non-executive Director, chairman of the Board and member of the investor relations committee of the Board, all with effect from close of business on 21 February 2023. The Board also wishes to announce that, with effect from 22 February 2023, Mr. Liang Wenzhi has been appointed as a non-executive director of the Company and as a member of the investor relations committee of the Board. Mr. Liang, aged 39, has since September 2021 been the president of Shenzhen Yuanfeng Cultural and Travel Industry Development Company Limited, a company principally engaged in development, planning and design, preparation and management of cultural tourism-related projects and investment in cultural tourism, and the president of Shenzhen Yuanfeng Enterprise Management Company Limited, a company principally engaged in corporate management consulting, business information consulting and marketing planning.

Mr. Liang obtained a bachelor's degree majoring in foreign languages in June 2006 from the Wuhan Institute of Technology in Hubei Province, the PRC.