The board of directors of Genertec Universal Medical Group Company Limited announces that it received the resignation letters from two non-executive Directors, being Mr. Zhao Yan ("Mr. Zhao") and Mr. Che Lingyun ("Mr. Che"), and two independent non-executive Directors, being Mr. Han Demin ("Mr. Han") and Mr. Liao Xinbo ("Mr. Liao"). With effect from 22 June 2022: Mr. Zhao resigned as the vice-chairman of the Board, a non-executive Director, a member of the Board's remuneration committee (the "Remuneration Committee") and a member of the Board's strategy committee (the "Strategy Committee"), due to his other work arrangements; Mr. Che resigned as a non-executive Director, a member of the Remuneration Committee and a member of the Board's nomination committee (the "Nomination Committee"), due to his other work arrangements; Mr. Han resigned as an independent non-executive Director and a member of the Remuneration Committee, due to his other work arrangements; and) Mr. Liao resigned as an independent non-executive Director and a member of the Nomination Committee, due to his other work arrangements. The Board announced that, with effect from 22 June 2022, (i) Mr. Chan Kai Kong () was appointed as the vice-chairman of the Board, a non-executive Director, a member of the Remuneration Committee and a member of the Strategy Committee; (ii) Mr. Xu Ming () was appointed as a non-executive Director, a member of the Remuneration Committee and a member of the Nomination Committee; (iii) Mr. Xu Zhiming () was appointed as an independent non-executive Director and a member of the Remuneration Committee; and (iv) Mr. Chan, Hiu Fung Nicholas was appointed as an independent non-executive Director and a member of the Nomination Committee.

Mr. Chan Kai Kong, aged 52, has extensive experience in financing and investment. Mr. Chan has been a non-executive director of Frontier Services Group Limited, the shares of which are listed on the Stock Exchange, since February 2021. Mr. Chan joined CITIC Capital Holdings Limited () in 2005, and he is the chief financial officer and a senior managing director.

He is also an investment committee member of various funds of Trustar Capital, the private equity business of CITIC Capital Holdings Limited. Mr. Chan was a vice president of the direct investment department at Government of Singapore Investment Corporation () from 2001 to 2005 and an investment professional at International Finance Corporation () from 1997 to 2000. He previously worked for Deloitte and had corporate finance experience with both listed companies and merchant bank.

Mr. Chan and the Company entered into an appointment letter on 22 June 2022, pursuant to which Mr. Chan has been appointed as a non-executive Director since 22 June 2022, and such appointment could be terminated by either Mr. Chan or the Company by giving not less than three months' notice in writing. Mr. Chan will hold office until completion of the next annual general meeting of the Company following his appointment, and will then be eligible for re-election at that general meeting. If Mr. Chan would be re-elected at the Company's next annual general meeting, he will be subject to the requirements under the articles of association of the Company regarding retirement by rotation and re-election at the annual general meeting of the Company.

Pursuant to the appointment letter, Mr. Chan is not entitled to any remuneration during his term of service. Mr. Xu Ming, aged 57, has extensive experience in corporate governance. Mr. Xu has been the general manager of Genertec Hong Kong International Capital Limited, China General Technology (Group) Holding Company Limited, since September 2018.

From August 2008 to February 2020, Mr. Xu served as a director of China Meheco Group Co. Ltd., the shares of which are listed on the Shanghai Stock Exchange. From July 1998 to September 2018, Mr. Xu successively served as a department manager, a vice general manager and the general manager of the financial management department of GT-PRC.

Mr. Xu received a master degree in business administration (part-time) from Tsinghua University () in January 2013 and a bachelor's degree in accounting from Beijing Institute of Business in June 1988. Mr. Xu was qualified as a senior accountant () in August 2002 by Appraisal and Approval Committee for Professional & Technical Qualification of GT-PRC. Mr. Xu and the Company entered into an appointment letter on 22 June 2022, pursuant to which Mr. Xu Zhiming, aged 60, has extensive experience in corporate governance.

Mr. Xu has been (i) an independent non-executive director of Tianjin Capital Environmental Protection Group Company Limited (), the shares of which are listed on the Stock Exchange (and the Shanghai Stock Exchange (stock code: 600874), since November 2021, and (ii) an independent non-executive director of, the shares of which are listed on the Stock Exchange and the Shanghai Stock Exchange, since July 2016. Mr. Xu currently serves as a director of each of Donlink Group Co. Ltd., Guangzhou Donlink Industrial Investment Group Co.

Ltd., Beijing Lianhang Hezhong Media Technology Co. Ltd. and Beijing Baoxuan Culture Media Co. Ltd. and is a founding partner of China Broadband Capita.

From August 1999 to December 2001, Mr. Xu successively served as an executive director of China Resources Enterprise, Limited, an executive director of China Resources (Beijing) Land Limited, the managing director and chief operating officer of China Resources Logic Limited.