The board of directors of CHTC Fong's International Company Limited announces that Mr. Li Jianxin has tendered his resignation as an Independent Non-Executive Director of the Company with effect from 1 March 2024. Mr. Li has also ceased to be the chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Board with effect from the same date. Mr. Li, aged 70, has been an Independent Non-Executive Director of the Company since 1 July 2014 and has served the Company for over 9 years.

He has provided valuable advice and support to the Group during his tenure of office. The board announced the appointment of Dr. Chen Ying as an Independent Non-Executive Director of the Company, the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee of the Board with effect from 1 March 2024. The biographical details of Dr. Chen are set out below.

Dr. Chen, aged 60, obtained a bachelor's degree in dyeing and finishing engineering from Donghua University (formerly known as Huadong Textile Institute in the People's Republic of China in 1985, a master's degree in textile chemistry and dyeing & finishing engineering from Donghua University in 1991 and a doctor's degree in textile chemistry and dyeing & finishing engineering from Donghua University in 2007. From 2013 until her retirement in February 2024, Dr. Chen served as a researcher and professor in the Department of Chemistry and Chemical Engineering of Donghua University, engaged in the teaching and scientific research of textile chemistry and dyeing and finishing engineering for a long time, focusing on the combination of theory and practice, undertaking and completing more than 50 scientific research projects, with long- term cooperation experience with enterprises, and published more than 100 scientific research papers; published 7 textbooks or professional reference textbooks, of which the "Dyeing and Finishing Process Experiment Course" (national textbook) won the third prize of China Textile Industry Federation for scientific and technological progress, the textbook "Dyeing Principle and Program Control" won the third prize of China Textile Industry Federation for excellent publications in 2018; the responsible course "Dyeing and Finishing Process Experiment" was awarded the Shanghai Excellent Course; and she guided students to participate in the "First National College Students Green Dyeing and Finishing Science and Technology Innovation Competition" winning the first prize.