China Infrastructure Investment Limited announces that it has resolved the following, with effect from 1 August 2023. Mr. Xu will no longer act as the Chairman, Chief Executive Officer and chairman of Nomination committee, chairman of Corporate Governance Committee, and will remain as an executive Director; Mr. Lu will be re-designated from an executive Director and will be appointed as the Chairman, Chief Executive Officer and chairman of both the Nomination Committee and Corporate Governance Committee. Following the Changes and re-designation, the composition of the board committees has been changed as follows: Mr. Lu Yi, an executive Director, has been appointed as the chairman of Nomination Committee in place of Mr. Xu. Mr. He Jin Geng, Mr. Yu Hong Gao and Ms. Chen Yang remain as members of the Nomination Committee. Mr. Lu Yi, an executive Director, has been appointed as the chairman of Corporate Governance Committee in place of Mr. Xu. Mr. He Jin Geng, Mr. Yu Hong Gao and Ms. Chen Yang remain as members of the Corporate Governance Committee. The board (the "Board") of directors (the "Director(s)") of China Infrastructure Investment Limited (the "Company") would like to announce that with effect from 1 August 2023: Mr. Xu Xiao Jun ("Mr. Xu") will no longer act as chairman of the Board, Chief Executive Officer and chairman of Nomination committee, chairman of Corporate Governance Committee, and will remain as an executive Director; Mr. Lu Yi ("Mr. Lu") will be re-designed from an executive Director and will be appointed as the Chairman, Chief Executive Officer and chairman of both the Nomination Committee and Corporate Governance Committee. The brief biographical particulars of Mr. Lu are set out as follows: Mr. Lu, 45 years old, graduated from Hubei University of Technology. Mr. Lu has over 20 years of rich experience in entrepreneurship, mainly in industries such as electronic product manufacturing, mainland China and overseas trade, mineral resources industry, etc. Mr. Lu founded Glory Grace Group Co., Limited ("Glory Grace"), a company incorporated in Hong Kong in 2013. Glory Grace mainly engaged in sales of Petrochemical, trade of electronic parts, optical fiber and photovoltaic products, engineering equipment, automobile production and sales, supply of bulk commodities and exploitation and financing of natural resource industries. The remuneration in connection with Mr. Lu's position as the chairman will be determined by the remuneration committee of the Company with reference to his duties and responsibilities within the Company, the Company's remuneration policy and the prevailing market conditions. As at the date of this announcement, save as disclosed above, (i) Mr. Lu does not hold any other directorship in the last three years preceding the date of this announcement in other public company the securities of which are listed on any securities market in Hong Kong or overseas or any other position with the Company and other members of the Group or other major appointments and professional qualifications; (ii) Mr. Lu does not have any relationship with any other directors, senior management or substantial or controlling shareholders of the Company; and (iii) Mr. Lu does not have any interests in the shares of the Company and other members of the Group within the meaning of Part XV of the SFO. Saved as disclosed above, there is no other matter relating to the re-designation of Mr. Lu as an executive director, and the appointment as the chairman, Chief Executive Officer and chairman of the Nomination Committee, Corporate Governance Committee that needs to be brought to the attention of the shareholders of the Company and there is no other information required to be disclosed pursuant to paragraphs (h) to (v) of Rule 13.51(2) of the Listing Rules regarding his re-designation. The board hereby further announces that following the Change and Re-designation, with effect from 1 August 2023, the composition of the Board committees has been changed
as follows: Mr. Lu Yi, an executive Director, has been appointed as the chairman of Nomination Committee in place of Mr. Xu. Mr. He Jin Geng, Mr. Yu Hong Gao and Ms. Chen Yang remain as members of the Nomination Committee. Mr. Lu Yi, an executive Director, has been appointed as the chairman of Corporate Governance Committee in place of Mr. Xu. Mr. He Jin Geng, Mr. Yu Hong Gao and Ms. Chen Yang remain as members of the Corporate Governance Committee.