The board of directors of Far East Horizon Limited announced that Mr. NING Gaoning ("Mr. Ning") and Mr. YANG Lin ("Mr. Yang") have resigned as non-executive Directors with effect from 24 February 2023 due to work arrangement. The Board further announces that, on 24 February 2023, Mr. CAO Jian ("Mr. Cao") has been appointed as an executive Director with effect from 24 February 2023; Mr. CHEN Shumin ("Mr. Chen") has been appointed as a non-executive Director and the vice chairman of the Board (the "Vice Chairman") with effect from 24 February 2023; Ms. WEI Mengmeng ("Ms. Wei") has been appointed as a non-executive Director with effect from 24 February 2023. Mr. CAO Jian aged 48, is the senior vice president of the Company. Mr. Cao graduated from Nankai University with a bachelor ' s degree in finance in June 1997, and obtained a master's degree in finance from the University of International Business and Economics in December 2006 and an MBA from Shanghai Jiaotong University in June 2008. Mr. Cao started his career in 1997, and joined International Far Eastern Leasing Co. Ltd. in September 2002 and gained extensive experience in corporate management, serving multiple managerial roles, among others, the deputy general manager, the standing deputy general manager and the general manager of the healthcare business division, the assistant president and the vice president of the Company. Mr. Cao was appointed as the senior vice president of the Company in January 2013, and has concurrently served as the general manager of the factoring business division since December 2021, and currently serves as the executive director and the general manager of East Horizon Factoring (Tianjin) Co., Limited. Mr. Chen Shumin aged 56, is currently the deputy chief accountant and chief financial officer of Sinochem Holdings Corporation Limited. He is also a member of the Second Accounting Standards Advisory Committee for Business Enterprises of the Ministry of Finance of the People's Republic of China. Mr. Chen received a bachelor's degree in financial accounting from Beijing Business College and a master's degree in business administration from Xiamen University. Mr. Chen holds the qualifications of senior accountant and financial manager. After graduation, Mr. Chen worked in China International Book Trading Corporation and joined Sinochem in April 1989. He served as the head of the finance section in the company's finance and accounting department, the manager of the finance department of Sinochem Asia Group, deputy chief accountant, general manager of the accounting management department, director of finance department, member of the party committee and vice president of the financial business division of Sinochem Group. Mr. Chen has served as the deputy chief accountant and chief financial officer of Sinochem since June 2021. Ms. WEI Mengmeng, aged 41, is the deputy secretary to the party committee and the general manager of China Foreign Economy and Trade and Trust Co. Ltd., a subsidiary of Sinochem. She is also the vice president of China Trustee Association and a member of the China Trustee Association's Professional Committee of Industrial Development Research. Ms. Wei obtained a bachelor's degree in international economics and trade and a master's degree in finance from the University of International Business and Economics.
Ms. Wei joined FOTIC after graduation, and had successively served as the general manager of securities products department, the general manager of securities trust business department, the general manager of wealth management centre, the assistant to the general manager and deputy general manager of FOTIC. Ms. Wei has served as the general manager of FOTIC since July 2022.