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. Feng Genfu and Ms. Zhu Shengqin 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. Feng resigned as the committee members of the Development Strategy Committee and the Audit Committee, Ms. Zhu resigned as the committee members of the Audit Committee and the Remuneration and Nomination Committee). Mr. Feng and Ms. Zhu have confirmed that they have no disagreement with the Board and there are no other matters relating to their resignations that need to be brought to the attention of the shareholders of the Company (the "Shareholders"). The Board announces that Mr. Po Wai Kwong ("Mr. Po") and Mr. Lai Guanrong ("Mr. Lai") have been nominated by the Board as the candidates of the independent non-executive directors of the Company. Mr. Po and Mr. Lai comply with the laws, regulations and the requirements for the appointment of independent directors of listed securities companies in the place where the company's shares are listed. Mr. Po and Mr. Lai will officially assume office when the respective resolution on appointment is approved at the general meeting of the company, with a term of office until the term of the second session of the Board of the company expires.