CAI Corp — Board/Management Information 2025

Jun 16, 2025

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CHINA NEW ECONOMY FUND LIMITED

中國新經濟投資有限公司

(an exempted company incorporated in the Cayman Islands with limited liability)

(Stock Code: 80)

CHANGE OF THE COMPOSITION OF THE NOMINATION COMMITTEE

The board (the "Board") of directors (the "Directors") of China New Economy Fund Limited (the "Company") announces that with effect from 16 June 2025, Ms. Xiao Ruimei, a non-executive Director, has been appointed as a member of the nomination committee of the Company (the "Nomination Committee").

The above change was made in compliance with the amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Corporate Governance Code as set out in Appendix C1 to the Listing Rules, which will come into effect on 1 July 2025. The Board considers that sound corporate governance plays a vital role in the overall performance of the Company and believes that implementing such change could strengthen the effectiveness and diversity of the Nomination Committee, and further enhance good corporate governance practices of the Company as a whole.

By order of the Board

China New Economy Fund Limited

Chan Cheong Yee

Executive Director

Hong Kong, 16 June 2025

As at the date of this announcement, the Board comprises Mr. CHAN Cheong Yee as executive Director; Mr. CHEN Shengjie (Chairman), Mr. CHOI Koon Ming and Ms. XIAO Ruimei as non-executive Directors; Mr. SZE Tak Chi, Mr. SUI Fuxiang and Mr. TONG Yun Lung as independent non-executive Directors.