CSC Financial Co., Ltd. announced that Mr. WU Ruilin has been appointed as a Non-executive Director of the Company at the EGM held on April 4, 2023. Mr. WU has officially assumed office when the resolution on his appointment was approved at the EGM, with a term of office ending when the term of the second session of the Board of the Company expires. The Company will enter into an appointment letter with Mr. WU upon approval of the appointment at the EGM.

Mr. WU will not receive any director's emolument from the Company as a Non-executive Director of the Company. As of the date of this announcement, the changes in biographical details of Mr. WU Ruilin are as follows: Mr. WU Ruilin born in September 1964, has been a director of the Company since April 2023. Currently, he serves as an external director of Central Huijin Investment Ltd. Mr. WU served as the deputy head of the price survey and statistics section of the survey and information division, deputy chief of the financial institution management section of the Foreign Investment Management Office, deputy director of Foreign Investment Management Office, deputy director of Foreign Exchange Management Division (responsible for daily operations), deputy director of Foreign Exchange Adjustment Center (responsible for daily operations) of The People 's Bank of China, Beijing Branch, deputy director of the general office of the Information Center of the State Administration of Foreign Exchange, director of Planning Bureau, deputy director of the personnel department (internal audit department) of the State Administration of Foreign Exchange, full-time deputy secretary of the Party committee of the State Administration of Foreign Exchange of the Communist Party of China and secretary of the discipline inspection commission of the State Administration of Foreign Exchange, deputy director of Management and Inspection Department, deputy chief and second-level inspector of the Business Supervision Division of the Current Account Management Department of the State Administration of Foreign Exchange, director of China Jianyin Investment Ltd. Mr. WU obtained a postgraduate diploma in economic management from the Party School of the Central Committee of C.P.C. and is qualified as an economist.