China Huarong Asset Management Co., Ltd. announced that Mr. Mao Biaoyong an employee representative supervisor of the second session of the board of supervisors of the Company has resigned as an employee representative supervisor of the Company with effect from 14 September 2017 due to change of his work arrangements. The Company held the fifth meeting of the second session of the employee representatives meeting on 14 September 2017, during which Mr. Chen Jin was elected as an employee representative supervisor of the Company. His term of office shall take effect from 14 September 2017 until the election of the third session of the Board of Supervisors.