The board of directors of Xingfa Aluminium Holdings Limited announced
that with effect from 14 April 2022, Mr. Liu Libin (Mr. Liu) has resigned as an
executive Director; the Chairman of the Board (Chairman); and an authorised
representative of the Company (Authorised Representative). The Board announced that with effect from 14 April 2022, Mr. Wang Li (Mr. Wang) has been appointed as an executive Director, the Chairman and an Authorised Representative. From June 2018 to February 2021, Mr. Wang was the assistant to general manager and head of the capital operation
department of Guangdong Province Guangqing Holding Group Co. Ltd. Since February 2021, he has been serving as the operation management director of Guangdong Guangxin Holdings Group Co. Ltd. The Board announced that with effect from 14 April 2022: Mr. Liu has ceased to be a member of the Remuneration Committee and the chairman
of the nomination committee of the Board (Nomination Committee); and Mr. Wang has been appointed as a member of the Remuneration Committee and the
chairman of the Nomination Committee.