The board of directors of Honghua Group Limited announced that Mr. Han Guangrong has tendered his resignation as a Non-Executive Director of the Company with effect from 28th October 2021, due to devoting more time to other business. Mr. Han has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in relation to his resignation. The Board would like to take this opportunity to express its gratitude to Mr. Han for his valuable contributions to the Company's development during his tenure of office. The Board announced that Mr. Wang Xiuchang has been appointed as a Non-Executive Director with effect from 28th October 2021. Mr.Wang Xiuchang, aged 58, is currently the senior specialist of China Volant Industry Co., Lt. Mr. Wang obtained a bachelor of engineering degree from the Harbin Institute of Technology in 1987. He was the director and president of China Volant Industry Co. Ltd. and the vice chairman and general manager of China Aerospace Automobile Co. Ltd. Mr. Wang has entered into a non-executive director's service contract with the Company for a term of three years with effect from 28th October 2021, subject to retirement by rotation and re-election in accordance with the Articles. Mr. Wang does not receive director's remuneration from the Company.