AVIC International Holding (HK) Limited announces that with effect from 25 January 2021: Mr. Fu Fangxing has resigned as an executive Director, a member of the Nomination Committee, the Authorised Representative and the Process Agent; Mr. Huang Yongfeng has been appointed as an executive Director and a member of the Nomination Committee; and Mr. Zhao Yang has been appointed as the Authorised Representative and the Process Agent. Mr. Huang is currently the deputy general manager of AVIC International Holding Corporation ("AVIC International"), a substantial shareholder of the Company, and the chairman of FIYTA Precision Technology Co. Ltd., the shares of which are listed on the Shenzhen Stock Exchange, since September 2017. Mr. Huang was previously a chairman and general manager of AVIC International Holding (Zhuhai) Co. Ltd., a general manager assistant of AVIC International, a deputy general manager, general manager assistant and a manager of corporate strategy and management department of AVIC International Shenzhen Company Limited and a board secretary of AVIC International Holdings Limited. Further, he was also previously a director of each of AVIC Sunda Holding Company Limited, Rainbow Department Store Co. Ltd. and Tianma Microelectronics Co. Ltd., the shares of which are listed on the Shenzhen Stock Exchange. Mr. Huang was also previously a chairman of Castic-SMP Machinery Corp. Ltd. Mr. Huang has extensive experience in financial management, investment and financing management, mergers and acquisitions, as well as aviation manufacturing and aviation operation areas.