CPMC Holdings Limited announced that following Mr. Zhang Xin's resignation, the following changes will be effective on 10 May 2024: Mr. Zhang Ye, the general manager of the Company ceased to be the General Manager and Mr. Qu Hongliang ("Mr. Qu"), will be appointed as the General Manager. Mr. Zhang Ye, aged 50, is the Chairman and an executive Director. He is primary responsible for the daily operation and management of the Group.

Mr. Zhang joined the Group in April 1995, and had served as sales manager, sales director, general manager of the subsidiaries of the Company, assistant to the General Manager, deputy General Manager and General Manager, etc. He also served as the chief legal consultant of the Group concurrently during the period from July 2011 to January 2016. He was appointed as an executive Director and a general manager of the Company on 22 December 2016 and 19 July 2016 respectively and currently serves as directors of certain subsidiaries of the Company.

He has over 20 years of experience in the packaging industry. Mr. Zhang obtained a bachelor degree in business management from the Continuing Education School of Shanghai Fudan University in 1999. Mr. Qu Hongliang, aged 46, is the General Manager and an executive Director.

He joined the Group in August 2000. He had successively served as head, manager and director of the procurement department and sales department of the subsidiaries of the Company. During the period from April 2020 to March 2024, he successively served as deputy general manager and general manager of the two-piece cans operation department and the business department of the Company; the deputy general manager and a member of the Party Committee of the Company.

Mr. Qu has been the general manager of the Company, the deputy secretary of the Party Committee of the Company and the general manager of the two-piece cans operation department of the Company since March 2024. Mr. Qu graduated from Zhejiang University of Technology and majored in chemical engineering and technology in 2000.