The board of directors of China Huajun Group Limited announces that, with effect from 7 June 2022, Ms. Zhang Ye has resigned as an executive Director and the Joint Chief Executive Officer of the Company and has ceased to be a member of each of the Remuneration Committee and Nomination Committee of the Company and an Authorised Representative of the Company due to her desire to devote more attention and dedication with the Group's new business development in Hong Kong; and (ii) Mr. Zhang Shifeng has resigned as an executive Director of the Company due to his desire to devote more attention and dedication with the Group's business of energy segment. Each of Ms. Zhang Ye and Mr. Zhang Shifeng has confirmed that, save as disclosed herein, there is not aware of any matter in relation to their resignation that needs to be brought to the attention of the Shareholders and that they have no disagreement with the Board on any issues. Both Ms. Zhang Ye and Mr. Zhang Shifeng have demonstrated dedication and diligence in serving the Company during their tenure of directorship.

The Board would like to express its gratitude to Ms. Zhang Ye and Mr. Zhang Shifeng for their contributions to the Company. Following the resignation of Ms. Zhang Ye, she would cease to be a member of each of the Remuneration Committee and Nomination Committee of the Company and an Authorised Representative of the Company. The Board announced that Mr. Yan Ruijie, an executive Director and Joint Chief Executive Officer of the Company, has been re-designated as the Chief Executive Officer of the Company, and appointed as a member of each of the Remuneration Committee and Nomination Committee of the Company and an Authorised Representative of the Company with effect from 7 June 2022.

The Board would like to express its warm welcome to Mr. Yan Ruijie for his new roles with the Company.