The board of directors of China Investments Holdings Limited announced, with effect from 1 April 2023, Mr. Huang Zhihe (Mr. Huang), Ms. Wang Xin (Ms. Wang) and Mr. Cheng Weidong (Mr. Cheng) resigned as executive directors of the Company and remains as the deputy general managers of the Company due to job allocation. Each of Mr. Huang, Ms. Wang and Mr. Cheng has confirmed that they have no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company (the Shareholders) in relation to their resignation as executive directors of the Company. The Board of the Company also announced that at the forthcoming 2023 annual general meeting of the Company (the 2023 AGM), Mr. Deng Hong Ping (Mr. Deng), an independent non-executive director of the Company (the INED), will retire by rotation in accordance with the bye-laws of the Company (the Bye-laws) and he will not offer himself for re-election due to his personal business commitments, and accordingly, he will cease to act as an INED upon the conclusion of the 2023 AGM.

Thereafter, he will cease to act as the chairman and member of the remuneration committee (the Remuneration Committee) and a member of each of the audit committee (the Audit Committee) and the nomination committee (the Nomination Committee) of the Company. Mr. Deng has confirmed that he has no disagreement with the Board, and save as disclosed in this announcement, there are no other matters relating to Mr. Deng that need to be brought to the attention of the Shareholders nor any information that needs to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities (the Listing Rules) on The Stock Exchange of Hong Kong. Mr. Deng has demonstrated dedication, diligence and conscientiousness since he joined the Board in April 2006.

Mr. Peng Xinyu, an existing INED, will be appointed as the chairman of the Remuneration Committee after Mr. Deng Hong Ping has ceased to act as the chairman of the Remuneration Committee.