The board of Dalipal Holdings Limited announced that with effect from 4 April 2022, Mr. Bai Gongli (Mr. Bai) has ceased to be chief executive officer of the Group, but will continue to serve the Group as the general manager of Dalipal Pipe focusing on general operation of Dalipal Pipe. The board announced that Mr. Zhang Hongyao (Mr. Zhang), an executive Director and vice-chairman of the Board, has been appointed as the chief executive officer of the Group with effect from 4 April 2022. Mr. Zhang Hongyao was appointed as Director on 27 February 2019, re-designated as a non-executive Director and vice-chairman of the Board on 19 June 2019, and re-designated as an executive Director from non-executive Director on 1 January 2020.