The board (the "Board") of directors of CITIC Dameng Holdings Limited announced that due to work adjustment, Mr. Yin Bo has resigned from his position as the Chairman, Chief Executive Officer, Executive Director and authorized representative of the company with effect from 26 September 2019. He has also ceased to be a member of the Remuneration Committee and Nomination Committee of the company with effect from 26 September 2019. The Board announced that Dr. Guo Aimin has been appointed as the Chairman, Chief Executive Officer, Executive Director and authorized representative of the company with effect from 26 September 2019.

Dr. Guo has also become a member of the Remuneration Committee and Nomination Committee of the company with effect from 26 September 2019. Dr. Guo Aimin is currently the deputy general manager and chief engineer of CITIC Metal Co. Ltd.