Bonny International Holding Limited announced that with effect from 17 December 2021, Mr. Wang Jian has resigned as an independent non-executive Director and member of the Audit Committee and Nomination Committee, and chairman of the Remuneration Committee; and Dr. Wei Zhongzhe has been appointed as an independent non-executive Director and member of the Audit Committee and Nomination Committee, and chairman of the Remuneration Committee. Dr. Wei has been appointed as an independent non-executive Director by a letter of appointment for a term of three years from 17 December 2021 to 16 December 2024, subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the articles of association of the Company (the "Articles") and the Rules Governing the Listing of Securities on the Stock Exchange Dr. Wei is entitled to an annual remuneration of RMB 60,000, which is determined by the Remuneration Committee and the Board with reference to his duties and responsibilities in the Company, the prevailing market rate for candidates with comparable qualifications and the current remuneration package for other independent non-executive Directors, and shall be reviewed by the Remuneration Committee from time to time. Pursuant to the Articles, Dr. Wei will hold office until the forthcoming annual general meeting of the Company and shall then be eligible for re-election. Mr. Wei specializes in conducting research of high-efficiency multi-component composite catalysts, and has over ten years of experience in the field. Since September 2020, Dr. Wei has been appointed as an assistant to the school master of the College of Chemical Engineering, Zhejiang University of Technology responsible for the development of academic curriculum and infrastructure of the college. Since January 2021, Mr. Wei has been engaged by Sinopec Ningbo New Materials Research Institute to conduct post-doctoral research on high-efficiency multi-component composite catalysts.