Tongcheng-Elong Holdings Limited announced that an environmental, social and governance committee of the Board was established on November 22, 2021. The duties of the ESG Committee include, but not limited to, (i) reviewing the performance of the Group with respect to environmental, social and governance matters and reporting and making recommendations to the Board; (ii) formulating the Group's vision, objective, management direction and strategies for environmental, social and governance issues, reviewing the status of achieving targets on regular basis and reporting and making recommendations to the Board; (iii) identifying and assessing the relevant risks and opportunities of the Group in respect of environmental, social and governance areas; (iv) identifying and managing important environmental, social and governance matters that have material impact on the Group's operation and/or the interest of other important stakeholders, and reporting and making recommendations to the Board; (v) reviewing, evaluating and, if necessary, adopting and updating the relevant environmental, social and governance policies of the Group to ensure compliance with legal and regulatory requirements; (vi) supervising and providing guidance to the environmental, social and governance working groups to fully implement the Group's environmental, social and governance policies and related activities; (vii) supervising and managing the communication channels and methods with the Group's stakeholders to ensure effective communication can be achieved between the Group and the stakeholders; (viii) evaluating internal and external opinions on the Group's performance in respect of environmental, social and governance tasks, and reporting and making recommendations to the Board in respect of improving the relevant tasks; (ix) reviewing the Group's environmental, social and governance reports disclosed externally, and reporting and making recommendations to the Board; and (x) reviewing and evaluating the Group's environmental, social and governance results, the performance and terms of reference of the ESG Committee, to ensure maximizing the effectiveness of the operation of the ESG Committee, and reporting and making recommendations to the Board. The members of the ESG Committee are Mr. Wu Haibing, Mr. Dai Xiaojing and Ms. Han Yuling. Mr. Wu Haibing has been appointed as the chairman of the ESG Committee on November 22, 2021. The terms of reference for ESG Committee will be posted on the website of the Company.