China Huarong Asset Management Co., Ltd. received a letter of resignation from Mr. ZHENG Jiangping. Mr. Zheng resigned as (1) the non-executive director of the Company; and (2) the member of the Strategy and Development Committee of the Board, the Risk Management Committee of the Board,the Related Party Transaction Committee of the Board and the Nomination and Remuneration Committee of the Board due to change of work. Pursuant to the relevant regulations, the resignation of Mr. Zheng becomes effective on 8 January 2024.

The Board resolved at a Board meeting held on 8 January 2024 to appoint Ms. ZHAO Jiangping as a member of the Nomination and Remuneration Committee of the Board. The membership of Ms. Zhao shall become effective from 8 January 2024 and her term of office shall be the same as that of her directorship.