China State Construction International Holdings Limited announced that Mr. Yan Jianguo ("Mr. Yan") has resigned as chairman of the Board of the Company (the "Chairman") with effect from the conclusion of the board meeting of the Company held on 24 February 2023, and will continue to act as non-executive director of the Company; Mr. Zhang Haipeng ("Mr. Zhang"), an executive director of the Company, has been appointed as the Chairman and has ceased to be the chief executive officer of the Company with effect from the conclusion of the board meeting of the Company held on 24 February 2023; and Mr. Wang Xiaoguang ("Mr. Wang") has been appointed as executive director of the Company with effect from the conclusion of the board meeting of the Company held on 24 February 2023. Mr. Zhang Haipeng Aged 46, was appointed as an executive director of the Company on 13 July 2017, was appointed as the chief executive officer of the Company on 21 August 2018 and was appointed as a member of the Sustainability Committee of the Company on 25 March 2020. Mr. Zhang graduated from Harbin Institute of Technology, and obtained a degree of Master of Business Administration from Hong Kong Baptist University and a degree of Executive Master of Business Administration from Nankai University and was awarded the title of Senior Engineer.

Mr. Zhang joined China State Construction Engineering Corporation in 2000 and was seconded to the Company and its subsidiaries (the "Group") in 2002. He has been a director of certain subsidiaries of the Group since 2008. Currently, Mr. Zhang is the chairman and non-executive director of China State Construction Development Holdings Limited ("CSC Development", a subsidiary of the Company listed on the Stock Exchange) and a director of China Overseas Holdings Limited, the controlling shareholder of the Company.

Mr. Zhang has over 22 years' experience in investment and construction engineering management. Mr. Wang Xiaoguang Aged 40, graduated from Tongji University, and obtained a degree of Master of Construction and Real Estate from The Hong Kong Polytechnic University and was awarded the title of Senior Engineer. Mr. Wang joined the Group in 2005.

He has been a vice president since 2020 and a director of certain subsidiaries of the Group since 2015. Mr. Wang has over 18 years' experience in investment and construction engineering management.