The board Of Maike Tube Industry Holdings Limited announced that with effect from 1 August 2022, Mr. Kong Linglei has resigned as an executive Director, chairman of the Board, a member and the chairman of the nomination committee of the Board and a member of the remuneration committee of the Board, due to his desire to devote more time to his personal endeavours. Mr. Kong has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited. The Board announces that, with effect from 1 August 2022, Mr. Guo Lei, an executive Director, and chief executive officer of the Company has been appointed as the chairman of the Board, a member and chairman of the Nomination Committee and a member of the Remuneration Committee.

The Board also announced that, with effect from 1 August 2022, Mr. Wang Ning has been appointed as the executive Director. The biographical details of Mr. Wang are as follows: Mr. Wang, aged 46, is the chief of standard prefabricated pipe nipple products production of the Company. He joined the Group as a deputy factory manager for standard prefabricated pipe nipple products production and section chief of the production department of Jinan Mech in August 2018, where he was responsible for factory production and management.

He then became a factory manager for standard prefabricated pipe nipple products and section chief of the production department in December 2018. He was appointed as the Group's chief of standard prefabricated pipe nipple production in May 2019 and he is primarily responsible for the production management of production. Mr. Wang has over 20 years of experience in pipe and foundry industries.

Prior to joining the Group, he was a planning worker at Meide from November 1999 to July 2018, and his last position at Meide was a section chief of the production department, where he was responsible for pipe manufacturing and production work. Mr. Wang graduated from Shandong Province Gongye School (currently known as Shandong Jianzhu University), the PRC, with a diploma in casting in July 1999.