Zhejiang United Investment Holdings Group Limited announced that with effect from 7 April 2022 Ms. Lai Pik Chi Peggy ("Ms. Lai") has ceased to be the chairman of the nomination committee of the Company (the "Nomination Committee"). Ms. Lai will remain as an executive Director of the Company and a member of the Nomination Committee; and Mr. Fu Yan Ming ("Mr. Fu"), an existing independent non-executive Director, has been appointed as the chairman of the Nomination Committee.