Dongwu Cement International Limited announce that Mr. Xu Zhenghua has been appointed as the executive vice president of the Company with effect from 24 August 2022. Mr. Xu Zhenghua, aged 51, has extensive experience in business operation and management. He is familiar with the enterprise management structure and system as well as the operation of the capital market, and has long been engaged in the field of investments in primary market and secondary market.

Mr. Xu has successively served as the general manager and assistant general manager of Shanghai Xinhai Aviation Co. Ltd. from 2011 to 2021, and has also served as the deputy general manager of Oriental International Logistics Co. Ltd. from 2011 to 2018.

From 1993 to 2011, Mr. Xu has successively served as the deputy general manager (and also the general manager of the branches in Ningbo, Chongqing and Wuhan, respectively) and general manager of Shanghai Xinhai International Shipping Agency Co. Ltd. Mr. Xu graduated from the International Business School of Shanghai University in 1993 with a bachelor's degree in international trade. In 2005, Mr. Xu obtained a master degree in business administration (strategic management) from Shanghai Maritime University - Maastricht School of Management in Netherlands.