The board of directors of Shanxi Changcheng Microlight Equipment Co. Ltd. announces with great sorrow that Mr. Zhao Zhi ("Mr. Zhao"), an executive director of the Company, passed away on 2 October 2022 due to illness. Mr. Zhao, during his term as an executive director of the Company, performed his duties diligently and conscientiously and made valuable contributions to the Company.

His passing aways is a loss to the Company and the Board would like to express its heartfelt condolences to Mr. Zhao's family. There is no other change to the composition of the Board of the Company. The Board confirms that following the passing away of Mr. Zhao, the composition of the Board and all the Board committees comply with the requirements of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited.