The board of directors of China Renaissance Holdings Limited announced that Mr. Xie Yi Jing ("Mr. Xie"), an Executive Director and a co-founder of the Group, has been appointed as the Acting Chief Executive Officer of the Company with effect from October 2, 2023. Since February 2023, Mr. Xie has been playing the leading role in the Executive Committee of the Company which is responsible for the day-to-day management and operations of the Group. The Board believes that the appointment of Mr. Xie as Acting Chief Executive Officer of the Company will enhance the decision-making process of the Executive Committee and the efficiency of the Group's business operations.

Mr. Xie Yi Jing, aged 53, is a Founder of Group and an Executive Director, the managing director, co-president of investment banking division and head of healthcare division of Group. He is also currently serving as the chairman of the Environmental, Social and Governance Committee, a member of the Executive Committee of the Company and a director of certain subsidiaries of the Company. Since joining Group in December 2005, Mr. Xie has held various senior positions, including the managing director of the financial sponsor team.

Since March 2015, he has served as the head of healthcare, responsible for overseeing the financial advisory business of the healthcare sector of the Group. Prior to founding Group, Mr. Xie worked at Credit Suisse from January 1998 to July 2005, with his last position serving as vice president of its investment banking division. Mr. Xie received his bachelor's degree with honors in economics from the University of Sydney in April 1998.

As at the date of this announcement, save for being an executive Director, Mr. Xie has no other directorships held in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas.