Litu Holdings Limited announced that Mr. Chen Xiao Liang (Mr. Chen) has tendered his resignation as executive Director and chairman of the company with effect from 22 April 2022 as he wishes to focus more time on his family. The Board further announces that with effect from 22 April 2022, following the resignation of Mr. Chen, Mr. Huang Wanru (Mr. Huang), an executive Director, has been re-designated as the chairman of the company in place of Mr. Chen. Mr. Huang, aged 53, was appointed as a vice president of the Group in October 2011 and resumed the same position in March 2020 when he rejoined the Group after brief departure from the Group in June 2018 for other business engagements.

He was appointed as an executive Director with effect from 31 March 2020.