The board of directors of CSC Financial Co., Ltd. announced that due to the expiration of their terms of office, in order to ensure a continuous compliance of corporate governance, Mr. Dai Deming, Mr. Bai Jianjun and Mr. Liu Qiao, the independent non-executive directors of the Company, have tendered their resignations as the independent non-executive directors of the Company and the relevant duties as committee members of the special committees of the Board (Mr. Dai resigned as the Chairman of the Audit Committee and the committee member of the Remuneration and Nomination Committee, Mr. Bai resigned as the Chairman of Remuneration and Nomination Committee and the committee member of the Risk Management Committee, Mr. Liu resigned as the committee member of the Risk Management Committee and the committee member of the Remuneration and Nomination Committee).