The board of directors of China Shandong Hi-Speed Financial Group Limited announced that Mr. Liu Honghui has resigned as an executive Director, a member of the executive committee of the Board and the remuneration committee of the Board with effect from 28 July 2021 and Mr. Gao Guicheng has resigned as a non-executive Director and a member of the audit committee of the Board with effect from 28 July 2021. The Board also announced that Mr. Zhu Jianbiao has been appointed as a non-executive Director, the vice chairman of the Board, a member and the chairman of the strategic development committee of the Board and a member of the Executive Committee; and Mr. Wang Wenbo has been appointed as a non-executive Director and a member of the Audit Committee, both with effect from 28 July 2021. Furthermore the Board announced that the Company has established the Strategic Development Committee on 28 July 2021. Mr. Zhu, Mr. Liu Yao, Mr. Chen Di and Mr. Jonathan Jun Yan have been appointed as members of the Strategic Development Committee and Mr. Zhu has also been appointed as the chairman of the Strategic Development Committee with effect from 28 July 2021.