The board of directors of China Oceanwide Holdings Limited announced that Mr. HAN Xiaosheng ceased to be a chairman (the "Chairman") of the Board, a chief executive officer and an authorised representative of the Company, and Mr. LIU Guosheng, the executive Director, has been appointed as the Chairman, CEO and the Authorised Representative, with effect from 6 September 2022. Following the aforesaid change of the Chairman and CEO, Mr. LIU Guosheng will assume the dual roles of the Chairman and CEO. Mr. LIU Guosheng, aged 53, has been the executive Director since November 2014.

Mr. LIU Guosheng is also a director of several subsidiaries of the Company. He is a senior accountant in the People's Republic of China and is currently a president, chief financial officer and deputy chairman and was an executive vice president (from 2021 to 2022) of Oceanwide Holdings Co. Ltd. (the shares of which are listed on the Shenzhen Stock Exchange, stock code: 000046).

Mr. LIU Guosheng obtained a Bachelor's degree in economics from Hangzhou Institute of Electronic Industry (currently known as Hangzhou Dianzi University) in July 1991 and a Master's degree in economics from Wuhan University in December 2008.