China Minsheng DIT Group Limited announced that, with effect from 17 September 2019: (i) Mr. Peng Xiongwen has resigned as a non-executive Director; (ii) Mr. Yin Jun, an executive Director, has been appointed as vice chairman of the Board and has ceased to be the chairman of the Board; (iii) Mr. Yang Hongwei, an executive Director, has resigned as chief executive officer of the Company but will remain as an executive Director; (iv) Mr. Wu Po Sum has been appointed as an executive Director and the chairman of the Board; (v) Mr. Guo Weiqiang has been appointed as an executive Director and chief executive officer of the Company; (vi) Ms. Wu Wallis has been appointed as a non-executive Director; and (vii) Mr. Wang Jun has been appointed as a non-executive Director. The Board announced that, following the changes of the composition of the Board, the composition of the Remuneration Committee and the Nomination Committee is changed with effect from 17 September 2019: Remuneration Committee: Mr. Ma Lishan, an independent non-executive Director, has ceased to be a member of the Remuneration Committee. Mr. Wu Po Sum, an executive Director, has been appointed as a member of the Remuneration Committee.

Nomination Committee: Mr. Yin Jun, an executive Director, has ceased to be the chairman of the Nomination Committee. Mr. Wu Po Sum, the chairman of the Board, has been appointed as the chairman of the Nomination Committee. The Board announced that Mr. Peng Xiongwen ("Mr. Peng") has resigned as a non-executive Director with effect from 17 September 2019.

The Board announced that Mr. Yin Jun, an executive Director, has been appointed as vice chairman of the Board and has ceased to be the chairman of the Board with effect from 17 September 2019. The Board announced that Mr. Yang Hongwei, an executive Director, has resigned as chief executive officer of the Company with effect from 17 September 2019, but will remain as an executive Director. Mr. Yang Hongwei has tendered his resignation as chief executive officer of the Company so as to spend more time with his family.

The Board also announced that with effect from 17 September 2019, (i) Mr. Wu Po Sum ("Mr. Wu") has been appointed as an executive Director and the chairman of the Board; (ii) Mr. Guo Weiqiang ("Mr. Guo") has been appointed as an executive Director and chief executive officer of the Company; and (iii) each of Ms. Wu Wallis ("Ms. Wu") and Mr. Wang Jun ("Mr. Wang") has been appointed as a non-executive Director. Mr. Wu (formerly known as Hua Jianming), aged 69, the ultimate controlling shareholder of the Company, has been appointed as an executive Director with such appointment to take effect from 17 September 2019. He is currently an executive director and the chairman of the board of directors of CCRE as well as a director of a number of its subsidiaries.

Mr. Guo is currently the vice president of CCRE.