Haitian International Holdings Limited announced that, with effect from 21 August 2023 and following with the re-designation of Mr. Zhang Jianming, Mr. Zhang Bin, an executive Director, has been appointed as Chief Executive Officer. Mr. Zhang Bin, aged 36, is an executive Director and was the executive vice president of the Group. Mr. Zhang Bin joined the Group in January 2014.

He obtained his bachelor's degree in mechanical engineering from the University of Nottingham in July 2009, and his master's degree in engineering management from King's College London, the University of London, in January 2011. Upon joining the Group in January 2014, Mr. Zhang Bin was appointed as an officer of the information management department of the Group. In January 2015, he also took up the role of assistant to general manager of Ningbo Zhafir Plastics Machinery Co.

Ltd. under the Group. In January 2017, Mr. Zhang Bin was appointed as general manager of Ningbo Zhafir Plastics Machinery Co. Ltd. under the Group.

Mr. Zhang Bin was appointed as a director of Haitian Precision since 2018. Mr. Zhang Bin is a grandson of Mr. Zhang Jingzhang and a son of Mr. Zhang Jianming. He is also a director of Cambridge Management.

The Board hereby announces that, with effect from 21 August 2023, Mr. Zhang Jianming, an executive Director and the chief executive officer of the Company, has been re-designated as Chairman. On the even day, he has ceased to be the Chief Executive Officer. Mr. Zhang Jianming, aged 60, is an executive Director and was the Chief Executive Officer since April 2000 and is responsible for the overall daily operations of the Group.

Mr. Zhang Jianming joined the Group in August 1977 as worker and has gained extensive exposure in various departments of the Group. With over 40 years of experience in the plastic processing machinery industry, Mr. Zhang Jianming is experienced in all facets of the overall operation of the Group. He was appointed as the director of Haitian Precision since March 2012.

He obtained a master in business administration from the Management College of Fudan University in July 2002. Mr. Zhang Jianming served as a member of the National Committee of the Chinese People's Political Consultative Conference in Beilun District in 1996 and as a director of the Quality Management Association of Beilun District of Ningbo from 1990 to 2000. In January 2006, Mr. Zhang Jianming was also selected as a representative of Ningbo's private enterprises to attend the National Science and Technology Conference.

From 2003 to 2011, he was the chairman of Ningbo Plastic Machine Industry Association. Mr. Zhang Jianming is the elder son of Mr. Zhang Jingzhang, the elder brother of Mr. Zhang Jianfeng, the brother-in-law of Mr. Guo Mingguang and Mr. Liu Jianbo and the father of Mr. Zhang Bin, all of whom are directors of the Company, save for Mr. Zhang Jingzhang after his resignation on even date. Mr. Zhang Jianming is also a director of Sky Treasure, Premier Capital and Cambridge Management.

The Board hereby announces that, with effect from 21 August 2023 and following with the re-designation of Mr. Zhang Jianming, Mr. Zhang Bin, an executive Director, has been appointed as Chief Executive Officer. Mr. Zhang Bin, aged 36, is an executive Director and was the executive vice president of the Group. Mr. Zhang Bin joined the Group in January 2014.

He obtained his bachelor's degree in mechanical engineering from the University of Nottingham in July 2009, and his master's degree in engineering management from King's College London, the University of London, in January 2011. Upon joining the Group in January 2014, Mr. Zhang Bin was appointed as an officer of the information management department of the Group. In January 2015, he also took up the role of assistant to general manager of Ningbo Zhafir Plastics Machinery Co.

Ltd. under the Group. In January 2017, Mr. Zhang Bin was appointed as general manager of Ningbo Zhafir Plastics Machinery Co. Ltd. under the Group.

Mr. Zhang Bin was appointed as a director of Haitian Precision since 2018. Mr. Zhang Bin is a grandson of Mr. Zhang Jingzhang and a son of Mr. Zhang Jianming. He is also a director of Cambridge Management.