China Huarong Asset Management Co., Ltd. dated 7 December 2018, in relation to, among other things, the appointment of Mr. Chen Yanqing as vice president of the Company; and (2) the announcement of the Company dated 29 April 2019, in relation to, among other things, the appointment of Ms. Yang Pei and Mr. Gao Gan as assistants to the president of the Company (the "Assistant(s) to the President"). The qualification of the Vice President of Mr. Chen and the qualifications of the Assistants to the President of Ms. Yang and Mr. Gao are subject to the approval of the China Banking and Insurance Regulatory Commission (the "CBIRC"). Unless otherwise defined herein, terms used in this announcement have the same meanings as those defined in the aforesaid announcements.