The board of directors of China Financial International Investments Limited announced that with effect from 5 January 2024, each of Mr. Lei Zhiwei, Mr. Liu Xiaodong and Mr. Zong Shijian has been appointed as an independent non-executive Director. Mr. Lei, aged 58, has over 30 years of experience in various economics and finance sectors in China such as investment, banking and financial service. He has been the chairman of Shenzhen Ruikang Enterprise Development Co.

Ltd. since April 2017. After Mr. Liu left HIFH in April 2017, Mr. Liu was appointed as an executive director and chairman of the board of Focus Media Network Limited in January 2018 and he resigned all his positions in Focus Media in July 2018. From September 2018 to January 2019, Mr. Liu acted as the chief executive officer of Hao Tian International Construction Investment Group Limited.

In April 2019, Mr. Liu has been the vice chairman of Hong Kong Zhuzhou Natives Association Limited and the vice chairman of Hunan Fraternal Association of Hong Kong Limited. Since April 2023 up to the date hereof, Mr. Liu has been appointed as the founder chairman of Hong Kong Zhuzhou Natives Association Limited and hitherto, Mr. Liu remains as the vice-chairman of Hunan Fraternal Association of Hong Kong Limited. Mr. Lei was the chairman of Shenzhen Qianhai Juntai Investment Co.

Ltd. from August 2016 to February 2017, the chairman of Huarong Qianhai Wealth Management Co. Ltd. from August 2014 to May 2016, and the chairman of Huarong (Hong Kong) International Holdings Co. Ltd. from January 2013 to July 2014.

Mr. Lei was the president of Huarong Xiangjiang Bank from February 2010 to December 2012, an assistant to president in Ping An Bank from September 2006 to January 2010, an assistant to president in China CITIC Bank from June 2000 to August 2006, an assistant to president in Shenzhen Development Bank Co. Ltd. from September 1997 to May 2000 and a bank officer in the Shenzhen Branch of People's Bank of China from January 1990 to August 1997. Mr. Lei is also a supervisor of Launch Tech Company Limited.

Mr. Lei obtained his bachelor degree in finance from Zhongnan University of Economics in July 1987, a master degree of economics from the Head Quarter of People's Bank of China, Postgraduate Department in January 1990 and a doctoral degree in economics from Southwestern University of Finance and Economics in July 2000. He was also a visiting scholar of The London School of Economics from November 1998 to February 2000. Mr. Liu Xiaodong, aged 61, and has over 30 years of experience in banking, asset management and investment sector.

Currently, Mr. Liu is an executive director and chairman of the board of Focus Media Network Limited. He was an executive director of Huarong International Financial Holdings Limited, from August 2015 to April 2017. He acted as the Chief Executive Officer of HIFH during the period from September 2015 to June 2016.

He was appointed as the chairman of the board of directors of HIFH from March 2016 up to his resignation in April 2017. Prior to joining HIFH, Mr. Liu was a member of the senior management in China Huarong International Holdings Limited, taking up the position of general manager of the business development department and deputy chief executive officer of CHIH. Before joining CHIH, Mr. Liu worked in various companies, taking management positions in Huarong Xiangjiang Bank, China CITIC Bank and Ping An Bank.

Mr. Liu obtained his bachelor degree in arts from Hunan Normal University in July 1983. Mr. Liu subsequently obtained his master degree in arts from Hunan Normal University in June 1989. Mr. Zong, aged 52, has over 30 years of working experience in accounting field with Tianguan Group (Tianguan Group).

Mr. Zong joined Tianguan Group in September 1992 and has been working with Tianguan Group for more than 30 years and he has taken various positions in various member companies of Tianguan Group. He is currently the financial controller and assistant general manager of Tianguan Group. He worked as the financial controller and assistant to general manager in Henan Tianguan Energy Biochemical Technology Co.

Ltd. from May 2018 to May 2021. He was the financial controller of Luohe Tianguan Biochemical Co. Ltd. from May 2009 to May 2018.

Mr. Zong was acting as accounting manager in Finance Department of Tianguan Group and from July 2000 to May 2009. From April 1994 to July 2000, he was the deputy director of the Planning and Finance Department of the Tianguan Group Mr. Zong worked as an accountant in Henan Tianguan Enterprise Group from September 1992 to April 1994 and has been engaged in sales and tax accounting. Mr. Zong obtained a diploma in technical economics from Shanghai Jiao Tong University in July 1992.

He obtained a bachelor's degree in economics management from Central Party School of the Communist Party of PRC in December 2005 and a bachelor's degree in management in engineering from Air Force Engineering University in June 2007. Mr. Zong also acquired the qualification of accountant in December 2004, senior economist and admitted as affiliate member of the Association of International Accountant in November 2007. Mr. Zong is also a senior professional manager of the China Entrepreneurs Association a member of the Henan Association of Accountant, and a member of the expert committee of the Henan Senior Accountant Title Review Committee.

Mr. Zong has published more than 10 journals. The Board announced that with effect from 5 January 2024, Ms. Chen Xi has resigned as a non-executive Director, and each of Mr. Zhang Jing and Mr. Wong Lok Man has resigned as an independent non-executive Director. The Board announced that with effect from 5 January 2024, Audit Committee:- Mr. Zhang Jing has resigned as the chairman of the audit committee of the Board (the "Audit Committee"); and Mr. Wong Lok Man has resigned as a member of the Audit Committee.

Mr. Zong has been appointed as the chairman of the Audit Committee; and each of Mr. Lei and Mr. Liu has been appointed as a member of the Audit Committee. Remuneration Committee:- Mr. Zhang Jing has resigned as the chairman of the Remuneration Committee; and Mr. Wong Lok Man has resigned as a member of the Remuneration Committee. Mr. Lei has been appointed as the chairman of the Remuneration Committee; and Mr. Liu has been appointed as a member of the Remuneration Committee.

Nomination Committee:- Mr. Zhang Jing has resigned as the chairman of the nomination committee of the Board (the "Nomination Committee"); and Mr. Wong Lok Man has resigned as a member of the Nomination Committee. Mr. Lei has been appointed as the chairman of the Nomination Committee; and each of Mr. Liu and Mr. Zong has been appointed as a member of the Nomination Committee. Risk Management Committee:- Mr. Zhang Jing has resigned as a member of the Risk Management Committee.

Mr. Lei has been appointed as a member of the Risk Management Committee.