China Development Bank International Investment Limited announced that Mr. Wang Xiangfei has resigned as an independent non-executive director of the company, the chairman of audit committee and a member of remuneration committee and nomination committee of the board, with effect on January 28, 2021 due to personal reason. Mr. Wang had confirmed that he had no disagreement with the Board and was not aware of any matter in relation to his resignation that needed to be brought to the attention of the holders of securities of the company. Mr. CHEUNG Ngai Lam is a member of the American Institute of Certified Public Accountants and is a Certified Practicing Accountant of Australia. Mr. CHEUNG currently serves as an independent non-executive director of Guoan International Limited, New Provenance Everlasting Holdings Limited and Boyaa Interactive International Limited, and the chief financial officer of China Zenix Auto International Limited. Mr. CHEUNG has entered into an appointment letter with the company for a term of three years commencing on 28 January 2021 until terminated by either party by serving a notice in writing to the other of not less than two months in accordance with the terms of the appointment letter and subject to retirement by rotation, re-election or removal by resolution at the company's annual general meetings in accordance with the memorandum and articles of the company.