The board of directors (the "Board") of CPM Group Limited (the "Company", together with its subsidiaries, the "Group") announced that Mr. Wong Anders ("Mr. Wong") has resigned as an executive director of the Company with effect from 1 August 2022 due to his desire to devote more time to his personal matters. Mr. Wong has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board expresses its sincere gratitude to Mr. Wong for his valuable contribution to the Company during his tenure of office.

The Board announced that Mr. Mak Chi Wah ("Mr. Mak") has been appointed as an executive director of the Company with effect from 1 August 2022. Mr. Mak, aged 44, is currently the financial controller of the Group. He joined the Group in February 2016 and was involved in the spin-off and separate listing of the Company on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in 2017.

Prior to joining the Group, Mr. Mak undertook the consulting and auditing works in an accounting firm for more than 7 years and involved in the business operations management in a global mobility company for 8 years. Mr. Mak has over 22 years of experience in accounting, auditing, taxation and business operations management. He obtained a master of finance (corporate finance) degree from The Hong Kong Polytechnic University in September 2019 and a bachelor of commerce (accounting) degree from Curtin University (formerly known as Curtin University of Technology) in February 2008.

Mr. Mak is a fellow member of CPA Australia, The Hong Kong Institute of Certified Public Accountants and The Taxation Institute of Hong Kong and a honorary treasurer of The Bulgarian Chamber of Commerce Hong Kong Limited.