The board of CIFI Holdings (Group) Co. Ltd. announced that WANG Wei, who was nominated by Ping An Investor, has resigned as a non-executive director of the company with effect from December 14, 2021. The board announced that Ping An Investor has nominated JIANG Daqiang, who was appointed as a non-executive director with effect from December 14, 2021, in place of WANG. JIANG Daqiang is currently the general manager of Ping An Real Estate Co. Ltd. JIANG has over 20 years of experience in real estates and commercial property development and business development. Prior to joining Ping An in March 2021, JIANG had been the non-executive director of Redsun Properties Group Limited, from March 2018 to February 2021 and the non-executive director of Redsun Services Group Limited, from March 2020 to February 2021. He also acted as the vice general manager of Joy City Property Limited from 2006 to 2012, and was responsible for the company's early acquisition, investment and development projects. JIANG then moved on to become the vice president of the group from 2012 to 2018. The board further announced that GU Yunchang has resigned as an independent non-executive director and a member of each of the audit committee of the board and the nomination committee of the board with effect from December 14, 2021. The cessation of acting as independent non-executive director of the company is part of GU's personal retirement plan. The board is also announced that LIN Caiyi has been appointed as an independent non-executive director and a member of each of the audit committee and the nomination committee with effect from December 14, 2021. LIN Caiyi has over 32 years of experience in macroeconomics analysis and industry research. LIN is currently the associate dean of China Chief Economist Forum, a part-time professor at Fudan University, and the associate dean of North Bund International Finance Association. LIN has also been an independent director of Huajin Securities Co., Ltd, since December 2020. Prior to that, she had been the chief economist at Hua'an Fund Management Co. Ltd. from August 2017 to August 2020 and the chief economist at Guotai Junan Securities Co. Ltd. from September 2011 to August 2017, where she focused on macroeconomics research and major asset allocation.