Yatai Group's top management "collective resignation"

On April 14, Yatai Group issued several announcements on the change of senior managers.

Due to work reasons, Mr. Song Shanglong applied to resign from the positions of chairman, director and chairman of the strategic committee of the thirteenth board of directors of the company.

Due to work reasons, Mr. Sun Xiaofeng applied to resign as a director of the thirteenth board of directors and a member of the strategic committee of the board of directors; Mr. Zhai Huaiyu applied to resign as a director of the thirteenth board of directors and a member of the remuneration and appraisal committee of the board of directors.

Due to work reasons, Mr. Chen Jizhong applied to resign from the positions of chairman and supervisor of the thirteenth session of the Supervisory Committee of the Company; Ms. Zhang Xiuying applied to resign from the positions of vice chairman and supervisor of the thirteenth session of the Supervisory Committee of the Company; Mr. Chen Yachun applied to resign as a supervisor of the thirteenth session of the Supervisory Committee of the Company. It was proposed by the State-owned Assets Supervision and Administration Commission of

Changchun Municipal People's Government and Changchun City Development Investment Holding (Group) Co., Ltd. Mr. Chen Tiezhi, Mr. Wang Biao and Mr. Gao Wentao are hereby nominated as candidates for non-independent directors of the thirteenth session of the Board of Directors of the Company (biographical details attached). The term of office will expire at the end of the thirteenth session of the Board of Directors. Announcement