The board of directors of Huazhang Technology Holding Limited announced that Mr. Chen Hongwei (Mr. Chen) will be appointed as the executive Director with effect from 1 April 2022. Mr. Chen has been working as a technical director of Hua Zhang Environmental Resources Investment Limited, since 2019. Since February 2022, Mr. Chen has been serving as deputy general manager of Zhejiang Huazhang Technology Limited and director of Guangdong Huazhang Logistics Warehouse Limited.

Mr. Gan Jun (Mr. Gan) has resigned from his position as an executive Director with effect from 1 April 2022 due to his other personal commitments. Mr. Gan has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the Shareholders in relation to his resignation.