China Dredging Environment Protection Holdings Limited announced executive changes. The company announced that Mr. Liu Kaijin has tendered his resignation as an executive Director; chairman of the Board; and the chairman of the nomination committee of the Company with effect from 2 November 2022 due to his other personal commitments which require more of his time and dedication. Ms. Zhou Shuhua, an executive Director of the Company, will be appointed as Chairlady of the Board and Chairlady of the Nomination Committee with effect from 2 November 2022, to succeed Mr. Liu.

Ms. Zhou, aged 59, was appointed as a Director on 18 August 2010, and was re-designed as an executive Director on 24 May 2011. Ms. Zhou is mainly responsible for general administrative work of Group. She is the spouse of Mr. Liu.

Ms. Zhou graduated from The Correspondence Institute of the Party School of the Central Committee of the Communist Party of China, the PRC in December 1999 and obtained a graduation certificate for undergraduate courses in administrative management. She also obtained a graduation certificate for undergraduate courses in broadcasting in May 2001 from Nanjing Normal University, the PRC. As at the date of this announcement, Mr. Liu is the sole beneficial owner of Wangji Limited, a company incorporated in the British Virgin Islands with limited liability, which is the direct owner of 175,800,000 shares of the Company.

Further, Mr. Liu is the beneficial owner of 526,019,500 Shares. Ms. Zhou is the spouse of Mr. Liu. By virtue of the Securities Futures Ordinance, Ms. Zhou is deemed to be interested in all interests of Mr. Liu in the Company including long position and short position.

Ms. Zhou acts as a Director for Jiangsu Xingyu Holdings Group Limited, Jiangsu Xiangyu Environment Protection Equipment Company Limited, Jiangsu Xiangyu Environmental Protection Industry Development Ltd. and Jiangsu Jiaolong Salvage Harbour Engineering Co. Ltd. As at the date of this announcement and save as disclosed, Ms. Zhou has confirmed that she has not held any directorship in other public listed companies in Hong Kong or overseas in the past three years; she does not hold any other position with the Company or subsidiaries of the Company; she does not have any relationship with any Directors, senior management or substantial or controlling Shareholders of the Company; she does not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; and there is no other information that is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited nor are there other matters that need to be brought to the attention of the shareholders of the Company in relation to her appointment. The Board announced that with effect from 2 November 2022, Mr. Liu has resigned as the authorised representative of the Company under Rules 3.05 of the Listing Rules and Ms. Zhou has been appointed as the Authorised Representative.