The board of supervisors of China Cinda Asset Management Co., Ltd. approved a proposal on the nomination of candidates for external supervisors of the Company at the fourth meeting of the Board of Supervisors in 2021 held on August 9, 2021. Pursuant to the relevant provisions of Corporate Governance Guidelines for Banking and Insurance Institutions issued by China Banking and Insurance Regulatory Commission and the articles of association of the Company, the external supervisors shall not serve in the Company for a cumulative period of more than six years. In order to ensure that the composition of the external Supervisors under the Board of Supervisors is in compliance with the relevant requirements and to ensure the compliant operation of the Board of Supervisors, the Board of Supervisors has agreed to nominate two candidates to serve as external supervisors of the Company. The specific candidates are as follows: Mr. ZHEN Qinggui is nominated as an external Supervisor of the Company. Mr. CAI Xiaoqiang is nominated as an external Supervisor of the Company. Mr. ZHEN Qinggui, born in 1965, currently serves as the vice chairman of Beijing Zhonglun W&D Law Firm, director of major and material case research center and deputy director of risk control committee thereof, an external director of China Aero Engine Beijing Co., Ltd., the director of China Duty Free (Cambodia) Co., Ltd. and a member of the Intellectual Property Committee of All China Lawyers Association. He once served as an advisory expert of the Supreme Court Intellectual Property Case Guidance Research Center (Beijing) and the deputy director of Trademark Law Professional Committee of Beijing Lawyers Association of the tenth session. From 1987 to 1995, he served as the legal advisor of Shougang Corporation's Legal Affairs Division. He graduated from Peking University with a bachelor's degree in philosophy and a bachelor's degree in law in 1987, graduated from the University of International Business and Economics with a master's degree in international law in 2003, and graduated from Chicago-Kent College of Law, the Illinois Institute of Technology with a master's degree in intellectual property law in 2008. Mr. CAI Xiaoqiang, born in 1961, currently serves as the Presidential Chair Professor and Associate Vice President of The Chinese University of Hong Kong, Shenzhen, the Vice President of Shenzhen Research Institute of Big Data and the director of Smart City, Transportation and Logistics Big Data Laboratory thereof, and the director of Shenzhen Key Laboratory of IoT Intelligent System and Wireless Network Technology. Mr. CAI is the Academician of the International Academy for Systems and Cybernetic Sciences, a special expert of the National Major Talent Program, a recipient of the Outstanding Young Scientist Award (Overseas Category), a leading talent of the Guangdong Pearl River Scholar, the Class A talent of the Peacock Plan of Shenzhen, and a Fellow of the Hong Kong Institute of Engineers. He received the Distinguished Professor Award from the International Society of Industrial Engineering and Operations Management in 2021. He graduated from Harbin Ship Engineering Institute with a bachelor's degree in automatic control in 1982, graduated from Tsinghua University with a master's degree in control theory in 1985, graduated from Tsinghua University with a doctorate in system engineering in 1988, and conducted postdoctoral researches at the University of Cambridge and the Queen's University of Belfast, UK from 1989 to 1991. The term of office of the Supervisor candidates shall be three years from the date of approval by the shareholders' general meeting of the Company. Upon expiration of the term, the candidates may be re-appointed. The Supervisor candidates have not entered into any service contract with the Company. The remuneration of the Supervisors shall follow the relevant regulations. The Supervisor remuneration settlement scheme will be submitted to the shareholders' general meeting of the Company for consideration, approval and implementation after being considered according to relevant procedures. The details of the remuneration of the Supervisors of the Company are available in the Company's annual reports. Save as disclosed above, the Supervisor candidates did not hold any directorship in any other public companies listed in Hong Kong or any overseas securities markets in the past three years, do not hold any other positions in the Company or any of its subsidiaries, and do not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company. As at the date of the announcement, the Supervisor candidates do not have any interest in the shares of the Company (within the meaning of Part XV of the Securities and Futures Ordinance. The Supervisor candidates have not been subject to any punishment imposed by the China Securities Regulatory Commission or any other relevant authorities and stock exchanges.