The board of directors of CPM Group Limited announced that Ms. Chiu Kam Hing, Kathy (Ms. Chui) has resigned as an independent non-executive director of the Company and the chairlady of each of the audit committee, the remuneration committee and the nomination committee of the Board with effect from 1 December 2022 due to her desire to devote more time to her personal matters. Ms. Chiu has confirmed that she has no disagreement with the Board and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Ms. Meng Jinxia (Ms. Meng) has been appointed as an independent non-executive director of the Company with effect from 1 December 2022.

Ms. Meng, aged 64, has over 39 years of experience in engineering and manufacturing. Ms. Meng worked at Machinery Bureau under the Ministry of Urban & Rural Development and Environmental Protection of the People's Republic of China (the PRC) (currently known as the Ministry of Housing and Urban-Rural Development of the PRC) from March 1982 to May 1988. She was a sales manager at Calvin Engineering Company Limited and Edward Keller Limited during the period from June 1988 to December 1996 and from March 1997 to October 2003 respectively, and an office chief representative at SIP Swiss, Beijing Office from January 2004 to January 2006.

Ms. Meng was a senior sales manager at Starrag (Shanghai) Co. Ltd. Beijing Branch from March 2006 to April 2021. Ms. Meng obtained a bachelor of arts degree in English language and literature from Xiamen University in February 1982.

The Board further announced that the composition of the committees of the Board has been changed with effect from 1 December 2022: Mr. Chua Joo Bin, the independent non-executive director of the Company, has been appointed as the chairman of the audit committee of the Board and a member of each of the remuneration committee and the nomination committee of the Board; and Mr. Xia Jun, the independent non-executive director of the Company, has been appointed as the chairman of each of the remuneration committee and the nomination committee of the Board and a member of the audit committee of the Board.