Shenzhen Investment Limited announced that Due to personal work arrangement, Mr. Huang Wei has resigned as an executive director and President of the Company with effect from 30 March 2022. Mr. Huang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as executive director and President of the Company that need to be brought to the attention of the shareholders of the Company. Due to personal work arrangement, Mr. Dong Fang has been re-designated from an executive director of the Company to a non-executive director of the Company with effect from 30 March 2022.

Upon re-designation as a non-executive director of the Company, Mr. Dong ceases to hold the position as a Vice President of the Company. Mr. Dong Fang, aged 48, was appointed as an executive director of the Company on 23 July 2020 and re-designated as a non-executive director of the Company on 30 March 2022.