Chuanglian Holdings Limited of Chuanglian Holdings Limited announced that Hu Dingdong has tendered his resignation as an executive Director of the Company and all other positions of the Group with effect from February 28, 2022, due to his intention to focus on his other business commitments. The Board announced that Gao Yongzhi has been appointed as the executive Director with effect from February 25, 2022. Mr. Gao, aged 49, is a private investor and has extensive knowledge and years of experience in investment markets of the People's Republic of China and Hong Kong.

He has rich experience in business negotiation and project management, and is familiar with the relevant investment environment and policies in PRC and Hong Kong as well as overseas. The Company is of the view that Mr. Gao's extensive experience would enable the Company to make achievements in expanding new business as well as further developing its existing business.