Hong Kong, 3 July 2023 - China Aircraft Leasing Group Holdings Limited ("CALC" or the “Company”, HKSE stock code: 01848, together with its subsidiaries, the “Group”), a full value chain aircraft solutions provider for the global aviation industry announces that Mr. Barry Mok (“Mr. Mok”) has ceased to be the Group’s Deputy Chief Executive Officer and Chief Financial Officer with effect from 1 July 2023 due to attainment of retirement age. Mr. Conrad Li (“Mr. Li”) has been promoted from the position of Co-Chief Financial Officer to Chief Financial Officer effective the same day, responsible for overseeing the Group’s strategic planning, financing, investor relations, corporate secretarial and listing rule compliance affairs and accounting matters. Mr. Li will also continue serving as the Chief Strategy Officer of the Group and the Company Secretary of CALC.

Since joining the Group in January 2023, Mr. Li brings with him a wealth of knowledge and experience in financial management as well as listed company management and promoted the Group’s financing planning, credit ratings and investor communications, which lay the groundwork for the Group’s further business development.

The Group would also like to express its sincere gratitude to Mr. Mok for his valuable contributions during his tenure of service.

Mr. Li’s professional experience is as followed:

Mr. Conrad Li is the Chief Financial Officer and Chief Strategy Officer of the Group and the Company Secretary of CALC. Mr. Li has a track record in serving senior positions in blue-chip and large-scale companies with years of professional experience in business management, investment and financing as well as financial management. He possesses in-depth knowledge of Hong Kong and Mainland China capital markets where he led and completed a good number of corporate financing projects. He is also familiar with the M&A activities in both onshore and offshore markets on top of his practices of credit rating management. Prior to joining the Group, Mr. Li has served as the Executive Director, Co-CFO and Deputy General Manager of Zhongsheng Group Holdings Limited (HKSE stock code: 0881), the Executive Director, Chief Financial Officer and Vice President of China Resources Pharmaceutical Group Limited (HKSE stock code: 3320), and the Accounting Director of China Resources (Holdings) Co., Ltd. Mr. Li obtained a Master’s degree in Financial Management from Nanyang Technological University in Singapore and a Master’s degree in Business Administration from Wuhan University. He is a Chartered Financial Analyst qualified by the CFA Institute and a Chartered Accountant (Singapore) qualified by the Institute of Singapore Chartered Accountants.