The board of directors (the "Board") of China Best Group Holding Limited (the "Company", together with its subsidiaries, the " Group ") announced that, upon the recommendation by the nomination committee of the Company, the following changes in the composition of the Board and the Board committees will take effect from 1 December 2021: Mr. Li Haitao has been appointed as an executive director and a member of the executive committee of the company; Ms. Tao Lei has been appointed as an executive director and a member of the executive committee of the company; and Ms. Yin Meiqun has been appointed as an independent non-executive director and a member of the audit committee, the nomination committee and the remuneration committee of the company. Mr. Li Haitao ("Mr. Li"): Mr. Li, aged 49, graduated from Renmin University of China in 1997 and majored in international finance. He has over 20 years of experience in real estate development industry, specializing in real estate policies analysis, land development, project management and team building. Ms. Tao Lei ("Ms. Tao"): Ms. Tao, aged 35, from 2011 to 2013, she worked as a senior auditor of Deloitte Touche Tohmatsu and had provided services for Hong Kong listed companies such as Shougang Concord International Enterprises Company Limited, Capinfo Company Limited, Air China Limited and Beijing Jingneng Clean Energy Co., Limited. Ms. Yin Meiqun ("Ms. Yin"): She was a member of the People's Congress of the Chaoyang District of the. Beijing Municipality from November 2011 to October 2017 and has served as a representative of the Beijing Municipal People's Congress since November 2017. Ms. Yin has nearly 30 years' experience of teaching in colleges. From July 1993 to June 2007, she taught at Harbin University of Science and Technology.