The board of directors of CHTC Fong's International Company Limited announced that: Mr. Chen Peng (Mr. Chen) has been appointed as an executive director of the company with effect from 16 June 2022. Mr. Chen Peng, aged 49, graduated from the Hunan College of Arts and Science in Economic Law (undergraduate course). Mr. Chen joined the Group as a Deputy General Manager of the Company as from 4 March 2022, primarily responsible for the production and operation of Fong's dyeing and finishing machinery business under the Group, as well as the operation, strategic investment and information management works of the Group.

Before joining the Group, Mr. Chen had served various positions at Changde Textile Machinery Company Limited, since 1992, with general manager as his last position. Mr. Guan Youping, an Executive Director and the General Manager of the Company, ceased to act as the Authorised Representative of the Company under Rule 3.05 of the Listing Rules and the Authorised Representative of the Company under Part 16 of the Companies Ordinance with effect from 16 June 2022 due to his job re-arrangements. Mr. Chen has been appointed as the Authorised Representative under the Listing Rules with effect from 16 June 2022.

Mr. Lee Che Keung (Mr. Lee), the Company Secretary of the Company, has been appointed as the Authorised Representative under the Companies Ordinance for accepting service of process and notices on the company's behalf in Hong Kong under Part 16 of the Companies Ordinance with effect from 16 June 2022. Mr. Lee is also an Authorised Representative under the Listing Rules.