Chiho Environmental Group Limited announced that each of Mr. Li Linhui ("Mr. Li") and Mr. Yao Jietian ("Mr. Yao") has been appointed as an executive Director of the Company with effect from 13 December 2021. Mr. Li Linhui served as the vice president and general counsel in Loncin Holdings Co. Ltd., intermediate holding company and a controlling shareholder of the Company, in 2017. He served as an assistant to the president and general counsel in Guangxi Liugong Group Co. Ltd. and Guangxi Liugong Machinery Co. Ltd. whose shares are listed on the Shenzhen Stock Exchange from 2006 to 2016. He also served as a supervisor of Guangxi Liugong Machinery Co. Ltd. whose shares are listed on the Shenzhen Stock Exchange from 2012 to 2016, a director of Loncin Motor Co. whose shares are listed on the Shanghai Stock Exchange from 2018 to 2019, and a director of Shanghai Fenghwa Group whose shares are listed on the Shanghai Stock Exchange from 2017 to 2019. Mr. Yao Jietian currently served as a project officer in the Group. He joined the Group in March 2020. Before joining the Group, he served as a deputy general manager in Chongqing Chen Gong Technology Co. Ltd. in 2019. He also served as an investment analyst in USUM Investment Group Limited, an intermediate holding company and a controlling shareholder of the Company in 2015. Mr. Li has also been appointed as the chairman of the Board and chairman of each of the executive committee of the Company ("Executive Committee"), the nomination committee of the Company ("Nomination Committee") and the strategy and investment committee of the Company, and the pricing committee of the Company with effect from 13 December 2021. Mr. Yao has also been appointed as a member of each of the Executive Committee, the Strategy and Investment Committee and the Pricing Committee effect from 13 December 2021. Mr. Miao Yu has been appointed as a member of each of the Nomination Committee and the Remuneration Committee with effect from 13 December 2021.