Zhongliang : ESTABLISHMENT OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE AND APPOINTMENT OF MEMBERS TO ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE

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Zhongliang Holdings Group Company Limited 中 梁 控 股 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2772)

ESTABLISHMENT OF

ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE

AND

APPOINTMENT OF MEMBERS TO ENVIRONMENTAL, SOCIAL AND

GOVERNANCE COMMITTEE

The board of directors (the ''Board'') of Zhongliang Holdings Group Company Limited (the ''Company'', together with its subsidiaries, the ''Group'') hereby announces that an Environmental, Social and Governance Committee (''ESG Committee'') has been formed in order to assist the Board to review and monitor the environmental, social and governance policies and practices of the Group with effect from 23 March 2021.

Mr. Chen Hongliang, Mr. Li Heli, Mr. Yau Sze Ka (Albert) and Mr. Au Yeung Po Fung have been appointed as the members of the ESG Committee and Mr. Chen Hongliang has been appointed as the chairman of the ESG Committee with effect from 23 March 2021.

By Order of the Board

Zhongliang Holdings Group Company Limited

YANG Jian

Chairman

Hong Kong, 23 March 2021

As at the date of this announcement, Mr. Yang Jian, Mr. Chen Hongliang, Mr. Li Heli and Mr. Yau Sze Ka (Albert) are the executive directors of the Company; and Mr. Wang Kaiguo, Mr. Wu Xiaobo and Mr. Au Yeung Po Fung are the independent non-executive directors of the Company.