The board of directors of China Oriental Group Company Limited announced that Mr. Zhu Jun will cease to be the Chief Operating Officer and Executive Deputy General Manager of the company with effect from 1 January 2021 by reason of age. Mr. Zhu will continue to act as an Executive Director of the company; and in view of overlapping duties and responsibilities of the Chief Executive Officer and Chief Operating Officer of the company, with effect from 1 January 2021, the company will cancel the position of Chief Operating Officer and Mr. Han Jingyuan, the Chairman of the Board and Chief Executive Officer of the company, will assume and perform the duties and responsibilities of the Chief Operating Officer of the company.