Haichang Ocean Park Holdings Ltd. announces that Mr. Qu Naijie currently the chairman of the Board, the non-executive Director and the chairman of the nomination committee of the Company has been redesignated as an executive Director with effect from 5 January 2022, and Mr. Qu shall continue to serve as the chairman of the Board and the chairman of the Nomination Committee. Mr. Qu is the father of Mr. Qu Cheng, an executive Director. Mr. Qu is the founder of the Company who has over 30 years of experience in corporation management and operations.

He commenced oil trading and marine transportation businesses in 1992, and set up Dalian Haichang (Group) Co. Ltd. ("Haichang Group") in 1998. The Board also announces that Mr. Wang Xuguang currently the chief executive officer of the Company an executive Director, a member of the remuneration committee of the Company has been redesignated as a non-executive Director with effect from 5 January 2022.

The Board announces that Mr. Zhang Jianbin has been appointed as an executive Director with effect from the date of this announcement. Mr. Zhang, aged 47, has been appointed as executive president of the Company since 3 November 2021.