Peking University Resources (Holdings) Company Limited announces that Mr. Chu Kin Wang, Peleus resigned as an independent non-executive Director of the Company with effect from 1 October 2022 in order to devote more time to his other personal engagements. The Board further announces that, since Mr. Chu resigned as an independent non- executive Director, he will cease to be the chairman of the Audit Committee. Mr. Chin Chi Ho, Stanley and Mr. Hua Yichun, both are independent non-executive Directors, have been appointed as the chairman and a member of the Audit Committee respectively with effect from 1 October 2022.