The board of directors of China Huajun Group Limited announced that the appointment of directors as follows: Ms. Chen Yun has been appointed as executive Director of the Company, with effect from 31 March 2023. Ms. Chen Yun, aged 39, is currently the financial controller of the Group's property business. She holds a bachelor degree in financial management from Yangzhou University in the People's Republic of China.

Ms. Chan worked in Zhejiang Wanma Real Estate Group Limited for the period from June 2006 to November 2015, holding her last position as finance manager. Ms. Chen worked as finance manager in Yanzhou Vivia Property Development Limited for the period from November 2015 to May 2017. Ms. Chen joined the Group in May 2017.

Ms. Chen has entered into a service agreement with the Company with a specific term of two years upon election. Ms. Chen will hold office until retirement by rotation in the forthcoming annual general meeting of the Company at which she will be eligible for re-election. The directorship of Ms. Chen with the Company shall be subject to rotation requirements and re- election in accordance with the Bye-laws of the Company.

Ms. Chen is entitled to an annual basic salary of RMB 360,000 and shall be subject to review by the remuneration committee and the Board subject to her qualifications, experience, level of responsibilities undertaken and prevailing market conditions. She shall be entitled to receive discretionary bonuses or other benefits as may be decided by the remuneration committee of the Company and the Board having regard to Ms. Chen's and the Company's performance. Mr. Mok Yi Kwo has been appointed as an independent non-executive Director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board with effect from 1 April 2023.

Mr. Mok Yi Kwo, aged 44, is a Certified Public Accountant (Practising) of the Hong Kong Institute of Certified Public Accountants. He is also a fellow member of the Association of Chartered Certified Accountants. Mr. Mok holds a Bachelor Degree in Business Administration in Accounting and Finance from The University of Hong Kong.

He is now running a CPA firm which provides a wide range of professional services in Hong Kong. Before running his own firm, he has been taking up various senior position in various international accounting firms in Hong Kong. Mr. Mok has extensive professional experience in the fields of auditing, accounting, taxation, financial advisory and management for over 20 years.