The board of directors of Honghua Group Limited announced that Ms. Jin Qian ("Ms. Jin") has tendered her resignation as Chief Financial Officer with effect from 14 June, 2024, due to job adjustment. Ms. Jin has confirmed that there is no disagreement between her and the Board and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. The Board also announced that Mr. Su Mingchuan ("Mr. Su") has been appointed as Chief Financial Officer of the Company with effect from 14 June, 2024.

Mr. Su, aged 42, joined Dongfang Boiler Co. Ltd. ("Dongfang Boiler") in 2004 and has served as the deputy head and head of the finance department of Dongfang Boiler, and the deputy head of the finance department of Dongfang Electric Corporation and Dongfang Electric Co. Ltd. Mr. Su has extensive experience in financial management.

Mr. Su graduated from the School of Economics and Management of Southwest Jiaotong University in 2004, majoring in accounting, and is a senior accountant.