CPMC Holdings Limited announced that the Company has been recently informed by Mr. Zhang Xin that he intended to resign from his positions as the chairman of the Board, an executive Director, the chairman of the nomination committee of the Company and the authorised representative of the Company due to retirement. The Company therefore applied for, and the Executive has granted the consent in respect of Mr. Zhang Xin's proposed resignation pursuant to Rule 7 of the Takeovers Code on 29 April 2024, and Mr. Zhang has tendered his resignation to the Company thereafter. Mr. Zhang Xin resignation will be effective on 10 May 2024.

Upon his resignation, Mr. Zhang Xin will cease to be the Chairman, an executive Director, the chairman of the Nomination Committee and the Authorised Representative. The Board hereby announces that following Mr. Zhang Xin's resignation, the following changes will be effective on 10 May 2024: Mr. Zhang Ye, an executive Director, the general manager of the Company and a member of the risk management committee of the Company, will be appointed as the Chairman, the chairman of the Nomination Committee and the Authorised Representative; and ceased to be the member of the Risk Management Committee; and Mr. Qu Hongliang ("Mr. Qu"), will be appointed as an executive Director, and a member of the Risk Management Committee. Mr. Zhang Ye, aged 50, is the Chairman and an executive Director.

He is primary responsible for the daily operation and management of the Group. Mr. Zhang joined the Group in April 1995, and had served as sales manager, sales director, general manager of the subsidiaries of the Company, assistant to the General Manager, deputy General Manager and General Manager, etc. He also served as the chief legal consultant of the Group concurrently during the period from July 2011 to January 2016.

He was appointed as an executive Director and a general manager of the Company on 22 December 2016 and 19 July 2016 respectively and currently serves as directors of certain subsidiaries of the Company. He has over 20 years of experience in the packaging industry. Mr. Zhang obtained a bachelor degree in business management from the Continuing Education School of Shanghai Fudan University in 1999.

Mr. Qu Hongliang, aged 46, is the General Manager and an executive Director. He joined the Group in August 2000. He had successively served as head, manager and director of the procurement department and sales department of the subsidiaries of the Company.

During the period from April 2020 to March 2024, he successively served as deputy general manager and general manager of the two-piece cans operation department and the business department of the Company; the deputy general manager and a member of the Party Committee of the Company. Mr. Qu has been the general manager of the Company, the deputy secretary of the Party Committee of the Company and the general manager of the two-piece cans operation department of the Company since March 2024. Mr. Qu graduated from Zhejiang University of Technology and majored in chemical engineering and technology in 2000.