Honghua Group Limited — Board/Management Information 2021

Nov 19, 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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HONGHUA GROUP LIMITED

宏華集團有限公司

(a company incorporated in the Cayman Islands with limited liability)

(Stock Code: 196)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND CHANGE OF COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the “ Board ”) of Honghua Group Limited (the “ Company ”) announces that Mr. Liu Xiaofeng (“ Mr. Liu ”) has tendered his resignation as an Independent Non-Executive Director, Chairman of Remuneration Committee and member of Remuneration Committee, Audit Committee and ， Strategic Investment and Risk Control Committee of the Company with effect from 19 November 2021 due to devoting more time to other business.

Mr. Liu has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in relation to his resignation.

The Board would like to take this opportunity to express its gratitude to Mr. Liu for his valuable contributions to the Company’s development during his tenure of office.

CHANGE OF COMPOSITION OF THE BOARD COMMITTEES

The Board announces that, following the resignation of Mr. Liu and with effect from 19 November 2021, Ms.Su Mei, an independent non-executive Director (“ Ms. Su ”), has been appointed as the chairman of the Remuneration Committee. Mr. Poon Chiu Kwok (“ Mr. Poon ”) has been appointed as the member of the Remuneration Committee.

Upon the change above, the Remuneration Committee would be comprised of Ms. Su, Mr.Zhang Mi (“ Mr. Zhang ”) and Mr Jin Liliang(“ Mr. Jin ”) , Mr. Wei Bin (“ Mr. Wei ”) and Mr. Poon.

The Audit Committee would be comprised of the independent non-executive Directors, namely Mr. Wei, Mr Chen Guoming, Ms. Su, Mr. Poon and Mr. Chang Qing (“ Mr. Chang ”).

The Strategic Investment and Risk Control Committee would be comprised of Mr. Jin, Mr.Zhang, Mr. Ren Jie, Mr. Poon and Mr. Chang.

By order of the Board

Honghua Group Limited Jin Liliang Chairman

PRC, 19 November 2021

As at the date of this announcement, the executive directors of the Company are Mr. Jin Liliang (Chairman), Mr. Zhang Mi and Mr. Ren Jie; the non-executive directors of the Company are Mr. Chen Wenle and Mr.Wang Xiuchang; and the independent non-executive directors of the Company are Mr. Chen Guoming, Ms. Su Mei, Mr. Poon Chiu Kwok, Mr. Chang Qing and Mr. Wei Bin.