China Huarong Asset Management Co., Ltd. announced that the Company announced that the Company recently received the "China Banking and Insurance Regulatory Commission's Approval in relation to the Qualification of Zhu Ning of China Huarong Asset Management Co., Ltd. approving the qualifications of Mr. Zhu as an independent non-executive Director. According to relevant regulations and the resolution of the EGM, the term of office of Mr. Zhu as an independent non-executive Director shall be effective from 28 March 2019, until the date of the election of the next session of the board of directors. Meanwhile, the resignation of Mr. Song Fengming as an independent non-executive Director of the Company took effect on 28 March 2019, the same date as Mr. Zhu's appointment taking effect.