CSC Financial Co., Ltd. announced that Mr. ZHOU Xiaoyu, the shareholder representative supervisor and the chairman of the Supervisory Committee of CSC Financial Co., Ltd., has tendered his resignation to the Supervisory Committee of the Company to resign as the chairman of the Supervisory Committee and a supervisor of the Company due to his retirement. Pursuant to the relevant requirements of the Company Law of the People's Republic of China and the Articles of Association of CSC Financial Co., Ltd., the resignation of Mr. ZHOU Xiaoyu will not cause the number of members of the Supervisory Committee to be lower than the quorum. The resignation will take effect from December 20, 2024.

Mr. ZHOU Xiaoyu has confirmed that he has no disagreement with the Supervisory Committee and the board of directors of the Company and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Company. His resignation will not affect the normal operation of the Supervisory Committee of the Company and the Company.