00176.HK announced that Hu Jingying, the company's independent non-executive director, will retire as independent non-executive director by rotation at the upcoming 2022 annual general meeting of the company in accordance with the company's Bye-laws.

After considering the recommendation of the nominating committee, the board recommended that Xie Tingjun be appointed as an independent non-executive director to fill Hu JingyingThe vacancy arising from the resignation shall be submitted to the shareholders for approval at the annual general meeting in 2022。

In addition, Xie TingjunUpon appointment as an independent non-executive director, the company will appoint him as the chairman and member of the audit committee, as well as the respective members of the nomination committee and the remuneration committee. Liang Wanmin, the current independent non-executive director, will be appointed chairman of the Remuneration Committee.It will take effect after Hu Jingying ceases to be chairman of the remuneration committee.