China Comservice Appointed Mr. Yan Dong as President of the Company

19 Jan 2023

China Communications Services Corporation Limited (the "Company") is pleased to announce that Mr. Yan Dong has recently been appointed as the President of the Company with effect from 11 January 2023. An extraordinary general meeting will also be held on 10 February 2023 to consider and approve the appointment of Mr. Yan Dong as an Executive Director of the Company.

Mr. Yan Dong (閆棟), aged 50, is the President of our Company, responsible for our daily operations and management. Mr. Yan is also a Director of New Guomai Digital Culture Co., Ltd (formerly known as Besttone Holding Co., Ltd). Mr. Yan is a senior economist and graduated from Shandong University in 2002 with an MBA degree. Prior to his appointment as the President of our Company, Mr. Yan served as the Executive Vice President of the Company, and he has also held positions in the following subsidiaries of the Group, including a Director and the General Manager of Shanghai Communications Services Company Limited, the Chairman of China Comservice Software Tech. Co., Ltd. and a Director of China Comservice Smart Property Development Co., Ltd. In addition, Mr. Yan also served as the Deputy General Manager and Chief Financial Officer of China International Telecommunication Construction Corporation, a subsidiary of the Group, and the Deputy General Manager of the Sideline Industrial Management Department of China Telecommunications Corporation. Prior to joining the Company, Mr. Yan served as the General Manager of Shandong Luxin Property Investment and Development Co., Ltd. Mr. Yan has extensive experience in corporate operations, enterprise management, financial management and the operations of a listed company.

Mr. Yan has been with the Company since the listing of the Company, and he has profound understanding on the Company’s development and operating conditions. In relation to the proposed appointment of Mr. Yan as an Executive Director, the Nomination Committee of the Board and the Board have taken into account factors such as the Company’s board diversity policy and the development of the Company, and also believe that Mr. Yan will be able to promote the sustainable and healthy development of the Company with his extensive experience and knowledge.