Aowei Holding Limited — Board/Management Information 2021

Mar 24, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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AOWEI HOLDING LIMITED 奧威控股有限公司

(incorporated in the British Virgin Islands and continued in the Cayman Islands with limited liability)

(Stock Code: 1370)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the “ Board ”) of Aowei Holding Limited (the “ Company ”) announces that Mr. Kong Chi Mo (“ Mr. Kong ”) has resigned as an independent non-executive director (“ INED ”), a member of the audit committee and a member of the nomination committee of the Company with effect from 24 March 2021 due to the need to devote more time for his other business commitments.

Mr. Kong has confirmed that (i) he has no claim against the Company in respect of his resignation; (ii) he has no disagreement with the Board; and (iii) there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Kong for his contributions to the Company during his tenure of service as an INED of the Company.

Rules 3.10(1) and 3.10A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) provide that the board of directors of a listed issuer must include at least three INEDs and these INEDs must represent at least one-third of the board. Rule 3.21 of the Listing Rules provides that the audit committee shall comprise at least three members, at least one of whom is an INED with appropriate professional qualifications or accounting or related financial management expertise as required under Rule 3.10(2) of the Listing Rules. Code Provision A.5.1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules (the “ CG Code ”) provides that the nomination committee must comprise a majority of INEDs.

Following the resignation of Mr. Kong, the Board comprises six members, including four executive directors and two independent non-executive directors. The Company has failed to comply with the requirements as set out in Rules 3.10, 3.10A and 3.21 of the Listing Rules, and Code Provision A.5.1 of the CG Code. The Company is taking steps to fill the vacancies of the Board and appoint appropriate person(s) to the Audit Committee and the Nomination Committee, as soon

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as practicable. Further announcement(s) will be made in this regard as and when appropriate in accordance with the requirements of the Listing Rules.

By order of the Board Aowei Holding Limited Mr. Li Yanjun Chairman

Beijing, the People’s Republic of China, 24 March 2021

As at the date of this announcement, the executive directors are Mr. Li Yanjun, Mr. Li Ziwei, Mr. Sun Jianhua and Mr. Tu Quanping, and the independent non-executive directors are Mr. Ge Xinjian and Mr. Meng Likun.

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