*ST Kerry (002072): Changing Staff Supervisors

Kerid Cmi Holdings Ltd's announcement on changing employee supervisors

All personnel of the company and the board of supervisors ensure that the contents of the announcement are true, accurate and complete, and there is no false record, misleading statement or major omission in the announcement.

Kerid Cmi Holdings Ltd (hereinafter referred to as "company") because of work reasons, Mr. Liu Tao no longer holds the post of company staff supervisor. In accordance with the relevant provisions of the company law and the articles of association, the company held the first temporary staff representative conference in 2019 on October 26, 2019. After deliberation by the workers' Congress, the company agreed to appoint Mr. Zheng Han to serve as the supervisor of the seventh board of supervisors of the company (resume attached), for the term of office until the expiration of the seventh term of the board of supervisors. After the change of staff supervisors, Mr. Liu Tao will continue to work in the company.

After verification, the number of supervisors who had served as directors or senior managers of the company in the past two years did not exceed 1/2 of the total number of supervisors of the company; the supervisors nominated by single shareholders did not exceed 1/2 of the total number of supervisors.

The company and the board of supervisors expressed their heartfelt thanks to Mr. Liu Tao for his contribution to the development of the company during his staff supervision.

It is hereby announced.

Kerid Cmi Holdings Ltd supervisory board

October 30, 2019

Enclosure:

Resume of Mr. Zheng Han:

Mr. Zheng Han, male, Chinese nationality, Han nationality, born in 1995, graduated from college. He served as the finance manager of Beijing micro lake fishing village restaurant management company limited, and is currently the Minister of audit of Reed Cmi Holdings Ltd. After enquiry, Mr. Zheng Han is not a dishonest executor. He does not hold shares in the company, and has no relationship with other directors, supervisors and shareholders holding more than five percent shares of the company. There is no case that the company law or the articles of association shall not be a company supervisor. He has not been punished by the China Securities Regulatory Commission and other relevant departments and has been punished by the stock exchange.