The board of directors of Capital Industrial Financial Services Group Limited hereby announced that, with effective immediate effect: Mr. Zhang Jianxun (Mr. Zhang), has resigned as a Non-executive Director of the company due to allocation of duty; and Ms. Qiao Yufei (Ms. Qiao) has been appointed as a Non-executive Director of the company. Ms. Qiao, aged 34, she holds a Master of Economics degree in New York University and a Bachelor of Finance degree in Peking University. She was previously the vice president of equity investment department and director of equity investment department of CITIC Securities Company Limited and China Minsheng Financial Holdings Corporation Limited respectively.

Ms. Qiao is currently the general manager of investment management and service department of Beijing Shougang Fund Co. Ltd. (the Shougang Fund). Ms. Qiao possessed intensive experience in finance, securities and investment management.