China United Venture Investment Limited (the Company) announced that Dr. Fong Chi Wai Alex (Dr. Fong) has resigned as an independent non-executive Director due to other business commitments with effect from 17 August 2022. Following the resignation of Dr. Fong, ceased to be a member of each of the audit committee (the Audit Committee), the nomination committee (the Nomination Committee), the remuneration committee (the Remuneration Committee), the executive committee (the Executive Committee) and the strategy and development committee (the Strategy and Development Committee) of the Company. Dr. Fong has confirmed that he has no disagreements with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company or to the attention of The Stock Exchange of Hong Kong Limited (the Stock Exchange).

The Board announced that Mr. Sui Fuxiang (Mr Sui) has been appointed as an independent non-executive Director, a member of each of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Executive Committee and the Strategy and Development Committee with effect from 17 August 2022. Mr. Sui Fuxiang, aged 49, has long been engaged in strategic research, financial investment and business collaboration. Sui has studied in a number of universities and has studied in the international economic and trade environment, especially in the field of equity investment.

Sui is familiar with the economic and social conditions of Hong Kong and Macau, and is good at analysis for macro economy, as well as business models and cutting-edge technology research. Focusing on new energy, new infrastructure and specialized and new fields, Mr. Sui has organized and planned a number of developments and transactions regarding high- end equipment production, asset management, supply chain finance and comprehensive healthcare projects, underpinned by his rich relevant resources and experience. Since joining CITIC Merchant Co.

Ltd. in 2019, Sui has been mainly responsible for internal coordination within the group, project development and client liaison. Mr. Sui was a non-executive director of GTI Holdings Limited from November 2019 to October 2020.