Hanhua Financial : THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND RULES OF GENERAL MEETING AND NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any content of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your Shares in Hanhua Financial Holding Co., Ltd., you should at once hand this circular, the enclosed proxy form and reply slip to the purchaser or the transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

Hanhua Financial Holding Co., Ltd.*

瀚華金控股份有限公司

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 3903)

THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND

RULES OF GENERAL MEETING

AND

NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

The Notice of the First Extraordinary General Meeting in 2020 of the Company to be held at Conference Room, 7th Floor, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC on Wednesday, 15 January 2020 at 10:00 a.m., is set out on pages 10 to 11 of this circular.

The proxy form for use at the First Extraordinary General Meeting in 2020 is enclosed with this circular. Whether or not you intend to attend the First Extraordinary General Meeting in 2020, you are required to complete and return the accompanying proxy form in accordance with the instructions printed thereon to the Company's H Share registrar (for holders of H Shares), Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong and to the Company's registered office in the PRC (for holders of Domestic Shares), at 6-9, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC as soon as possible and in any event not less than 24 hours before the time fixed for holding the First Extraordinary General Meeting in 2020 or any adjournment thereof. Completion and return of the proxy form shall not preclude you from attending and voting in person at the First Extraordinary General Meeting in 2020 or any adjournment thereof should you so wish.

Shareholders who intend to attend the First Extraordinary General Meeting in 2020 in person or by proxy should complete and return the reply slip to the Company's H share registrar (for holders of H Shares), Computershare Hong Kong Investor Services Limited or to the Company's registered office in the PRC (for holders of Domestic Shares) on or before Tuesday, 24 December 2019 in accordance with the instructions printed thereon.

* For identification purpose only

29 November 2019

CONTENTS
Page
DEFINITIONS..................................................................................................................................................	1
LETTER FROM BOARD................................................................................................................................	3
INTRODUCTION..................................................................................................................................	3
MATTERS TO BE CONSIDERED AT THE FIRST EXTRAORDINARY GENERAL MEETING IN
2020.......................................................................................................................................................	3
THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020, PROXY FORM, REPLY SLIP
AND VOTING BY POLL.....................................................................................................................	4
CLOSURE OF REGISTER OF MEMBERS IN RESPECT OF THE ENTITLEMENT TO ATTEND
THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020..................................................	4
RECOMMENDATION..........................................................................................................................	5
RESPONSIBILITY STATEMENT........................................................................................................	5
APPENDIX 1: PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION.................	6
APPENDIX 2: PROPOSED AMENDMENTS TO THE RULES OF GENERAL MEETING............	9
NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020....................................	10

DEFINITIONS

In this circular, unless the context otherwise requires, the following terms and expressions have the meanings set forth below:

"First Extraordinary General Meeting	the first extraordinary general meeting in 2020 of the Company to be
in 2020"	held on Wednesday, 15 January 2020 at 10:00 a.m. at Conference
	Room, 7th Floor, Building 2, 11 East Honghu Road, Yubei District,
	Chongqing, the PRC
"Articles of Association"	the articles of association of the Company may be amended, altered or
	supplemented by other means from time to time
"Board" or "Board of Directors"	the board of Directors
"Company"	Hanhua Financial Holding Co., Ltd.* （瀚華金控股份有限公司）, a
	joint stock limited liability company incorporated in the PRC, the H
	Shares of which are listed and traded on the Main Board of the Stock
	Exchange
"Director(s)"	director(s) of the Company
"Hong Kong"	the Hong Kong Special Administrative Region of the PRC
"Notice of the First Extraordinary	the notice of the First Extraordinary General Meeting in 2020
General Meeting in 2020"
"PRC"	the People's Republic of China, and for the purpose of this circular,
	excluding Hong Kong, the Macau Special Administrative Region of
	the PRC and Taiwan
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Listing Rules"	The Rules Governing the Listing of Securities on the Stock Exchange

- 1 -

LETTER FROM THE BOARD

Hanhua Financial Holding Co., Ltd.*

瀚華金控股份有限公司

(A joint stock limited liability company incorporated in the People's Republic of China)

	(Stock Code: 3903)
Executive Directors:	Registered Office:
Mr. Zhang Guoxiang (Chairman)	6-9, Building 2
Mr. Wang Dayong (Vice Chairman)	11 East Honghu Road
Mr. Cui Weilan	Yubei District
	Chongqing
Non-executive Directors:	the PRC
Mr. Tu Jianhua
Mr. Liu Jiaoyang	Principal Place of Business
in Hong Kong:
Ms. Liu Tingrong
Ms. Wang Fangfei	31st Floor, Tower Two
Mr. Feng Yongxiang	Times Square
1 Matheson Street
Mr. Liu Bolin
	Causeway Bay
Independent Non-executive Directors:	Hong Kong
Mr. Bai Qinxian
Mr. Deng Zhaoyu
Mr. Qian Shizheng
Mr. Ng Leung Sing
Mr. Yuan Xiaobin

To the Shareholders

Dear Sir or Madam,

THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND

RULES OF GENERAL MEETING

AND

NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

• For identification purpose only

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LETTER FROM THE BOARD

1. INTRODUCTION

This circular is to provide you with the Notice of the First Extraordinary General Meeting in 2020 and relevant information regarding the special resolution to be proposed at the First Extraordinary General Meeting in 2020 to allow you to consider to vote for or against or abstain from voting in respect thereof.

1. MATTERS TO BE CONSIDERED AT THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

Proposal to be made at the First Extraordinary General Meeting in 2020 for Shareholders' approval by means of special resolution is:

SPECIAL RESOLUTION:

To consider and approve the resolution on amendments to the Articles of Association

The board of directors of the Company hereby announces that, at the sixth meeting of the third session Board held on 29 November 2019, the Board considered and approved, among other things, the resolution in relation to the proposed amendment to the articles of association of the Company.

According to the Reply of the State Council on the Adjustment of the Notice Period of the General Meeting and Other Matters Applicable to the Overseas Listed Companies (Guo Han[2019] No. 97)《( 關於調整適用在境 外上市公司召開股東大會通知期限等事項規定的批復》（ 國 函〔 2019 〕97 號 ）, the requirements on the notice period of the general meeting, shareholders' proposal right and convening procedures for joint stock companies incorporated in China and listed overseas shall be governed by the relevant provisions under the Company Law of the People's Republic of China, instead of the provisions under the Articles 20 to 22 of the Special Provisions of the State Council on Overseas Share Raising and Listing of Joint Stock Companies《( 國 務院關於股份有限公司境外募集股份及上市的特別規定》). Accordingly, the Company is currently intended to amend the relevant provisions in the Articles of Association concerning the notice period of the general meeting, shareholders' proposal right and convening procedures. The specific amendments refers to the Appendix 1:

Proposal to be made at the First Extraordinary General Meeting in 2020 for Shareholders' approval by means of ordinary resolution is:

ORDINARY RESOLUTION:

To consider and approve the resolution on the amendment to the Rules of General Meeting

The board of directors of Hanhua Financial Holding Co., Ltd. hereby announces that, at the sixth meeting of the third session Board held on 29 November 2019, the Board considered and approved, among other things, the resolution in relation to the proposed amendment to the rules of general meeting of the Company.

According to the Reply of the State Council on the Adjustment of the Notice Period of the General Meeting and Other Matters Applicable to the Overseas Listed Companies (Guo Han[2019] No. 97)《( 關於調整適用在境

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LETTER FROM THE BOARD

外上市公司召開股東大會通知期限等事項規定的批復》（ 國 函〔 2019 〕97 號 ）, the requirements on the notice period of the general meeting, shareholders' proposal right and convening procedures for joint stock companies incorporated in China and listed overseas shall be governed by the relevant provisions under the Company Law of the People's Republic of China, instead of the provisions under the Articles 20 to 22 of the Special Provisions of the State Council on Overseas Share Raising and Listing of Joint Stock Companies《( 國 務院關於股份有限公司境外募集股份及上市的特別規定》). Accordingly, the Company is currently intended to amend the relevant provisions in the rules of general meeting concerning the notice period of the general meeting, shareholders' proposal right and convening procedures. The specific amendments refers to the Appendix 2:

1. THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020, PROXY FORM, REPLY SLIP AND VOTING BY POLL

The notice of the First Extraordinary General Meeting in 2020 to be held at Conference Room, 7th Floor, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC on Wednesday, 15 January 2020, at 10:00 a.m. is set out on pages 10 to 11 of this circular.

A reply slip and a proxy form for use at the First Extraordinary General Meeting in 2020 are enclosed with this circular. Shareholders who intend to attend the First Extraordinary General Meeting in 2020 in person or by proxy should complete and return the reply slip to the Company's H Share registrar (for holders of H Shares), Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, and the Company's registered office in the PRC (for holders of Domestic Shares), at 6-9, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC, on or before Tuesday, 24 December 2019, in accordance with the instructions printed thereon.

Whether or not you intend to attend the First Extraordinary General Meeting in 2020, you are required to complete and return the proxy form to the Company's H Share registrar (for holders of H Shares), Computershare Hong Kong Investor Services Limited, and the Company's registered office in the PRC (for holders of Domestic Shares), as soon as possible and in any event not less than 24 hours before the time fixed for holding the First ExtraordinaryGeneral Meeting of 2020 or any adjourment thereof.

According to Rule 13.39(4) of the Listing Rules, any vote of Shareholders at a general meeting must be taken by poll. Accordingly, the chairman of the First Extraordinary General Meeting in 2020 will demand a poll for all resolutions to be proposed at the First Extraordinary General Meeting in 2020 in accordance with Article 88 of the Articles of Association.

IV. CLOSURE OF REGISTER OF MEMBERS IN RESPECT OF THE ENTITLEMENT TO ATTEND THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

In order to determine the list of Shareholders who are entitled to attend the First Extraordinary General Meeting in 2020, the register of members of the Company will be closed from Sunday, 15 December 2019 to Wednesday, 15 January 2020 (both days inclusive), during which no transfer of Shares will be effected. To be eligible to attend and vote at the First Extraordinary General Meeting in 2020, all transfer documents must be lodged with the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops

- 4 -

LETTER FROM THE BOARD

1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H Shares), or the Company's registered office in the PRC at 6-9, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC (for holders of Domestic Shares) not later than 4:30 p.m. on Friday, 13 November 2019.

1. RECOMMENDATION

The Board considers that the resolution to be proposed at the First Extraordinary General Meeting in 2020 is in the interests of the Company and the Shareholders as a whole. Accordingly, the Board recommends you to vote in favor of the resolution at the First Extraordinary General Meeting in 2020 as set out in the Notice of the First Extraordinary General Meeting in 2020.

VI. RESPONSIBILITY STATEMENT

This circular, for which the Directors collectively and individually accept full responsibility, provides information in relation to the Company in compliance with the Listing Rules. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

By order of the Board

Hanhua Financial Holding Co., Ltd.

Zhang Guoxiang

Chairman of the Board

Chongqing, the PRC, 29 November 2019

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		APPENDIX
Appendix 1: Proposed Amendments to the Articles of Association
		Before amendment		After amendment
	1	Article 2		Article 2
	Established through sponsorship, the Company	wasEstablished through sponsorship, the Company was
		registered with the Chongqing Administration	forregistered with the Chongqing Administration for
		Industry and Commerce on March 13, 2013 andIndustry and Commerce on March 13, 2013 and
		obtained the business license of an enterprise withobtained the business license of an enterprise with
		legal personality. The registration number of	thelegal personality. The unified social credit code of
		Company's business license is 500000000002364. the Company is 915000007626938433.
	2	Article 66		Article 66
	When the Company is to hold a General Meeting ofWhen the Company is to hold a General Meeting of
		Shareholders, it shall issue a written notice 45 daysShareholders, it shall inform all Shareholders of the
		before the meeting, notifying all the registeredtime and venue of the meeting and the matters to be
		shareholders of the issues to be reviewed at, and theconsidered thereat 20 days before the meeting is held,
		date and venue, of the meeting. Shareholders whoand if it is an Extraordinary General Meeting, 15
		intend to attend the relevant meeting shall deliverdays before the meeting is held. If bearer shares are
		the written reply on the meeting attendance on theto be issued by the Company, it shall announce the
		Company 20 days before the meeting is held.		time and venue of the meeting and the matters to be
		When calculating the number of days for	theconsidered thereat 30 days before the meeting is held.
		issuance of notices of General Meeting	ofWhen calculating the number of days for the issuance
		Shareholders, neither the meeting date nor the dayof notices of General Meeting of Shareholders,
		the relevant notice is issued shall be included.		neither the meeting date nor the day the relevant
		The issuance date of the notice sent as per	thisnotice is issued shall be included.
		article shall be the date on which the Company orThe issuance date of the notice sent as per this article
		the share registry engaged by the Company deliversshall be the date on which the Company or the share
		the relevant notice to the post office for posting.		registry engaged by the Company delivers the
				relevant notice to the post office for posting.
				If there are special provisions in the listing rules
				of the place where the company's shares are listed,
				such provisions shall prevail.
	3	Article 68		Article 68
	The Company shall, based on the written repliesThis Article shall be deleted in its entirety.
		received 20 days before the General Meeting of
		Shareholder is held, calculate the number of votingArticle 69 of the original Articles of Association
		shares represented by the shareholders who intendshall change to Article 68 and the sequence
		to attend the meeting If the number of voting sharesnumbers of the remaining Articles shall be revised
		represented by the shareholders intending to attendaccordingly.
		the meeting exceeds more than half of the total
		number of the Company's voting shares, the
		Company may convene the General Meeting of
		Shareholders; otherwise, the Company shall within
		5 days notify the shareholders once again of	the

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APPENDIX

issues to be reviewed, and the date and the venue of the meeting in the form of public announcement. After such notification by public announcement, the Company may convene the General Meeting of .Shareholders.

Issues not set out in the notice of Extraordinary General Meeting of Shareholders shall not be resolved at the meeting.

4	Article 70						Article 69
	Notice of the General Meeting of ShareholdersNotice of the General Meeting of Shareholders
	shall be delivered to the shareholders (whether orshall be delivered to the shareholders (whether or
	not entitled to vote thereat) by courier or prepaidnot entitled to vote thereat) by courier or prepaid
	mail at the recipient's address shown	in	themail at the recipient's address shown in the register
	register	of shareholder,	or given by way of aof shareholder, or given by way of a public
	public announcement (including announcementannouncement (including announcement published
	published on the Company's website) providedon the Company's website) provided that the
	that the Company has obtained prior writtenCompany has obtained prior written consent or
	consent or implied consent from the shareholdersimplied consent from the shareholders pursuant to
	pursuant to relevant laws and regulations and therelevant laws and regulations and the amended
	amended Listing Rules of Hong Kong.		Listing Rules of Hong Kong.
	For holders of domestic share, the notice of theFor holders of domestic share, the notice of the
	General Meeting of Shareholders may also beGeneral Meeting of Shareholders may also be
	given by public announcement. Such notice shallgiven by public announcement. Such notice shall
	be published in one or more media designated bybe published in one or more media designated by
	the securities regulator of the State Council andthe securities regulator of the State Council and on
	on the Company's website during the	periodthe Company's website during the period
	between 45 and 50 days before the meeting isbetween 20 and 25 days before the General
	held. Once such announcement is published, allMeeting of Shareholders is held or during the
	holders of domestic share shall be deemed to haveperiod between 15 and 20 days before the
	received	notice	of	the	General	Meeting	ofExtraordinary General Meeting is held. Once
	Shareholders.						such announcement is published, all holders of
						domestic share shall be deemed to have received
								notice of the General Meeting of Shareholders.
5	Article 115						Article 114
	When the Company is to hold a	classWhen the Company is to hold a class shareholders'
	shareholders' meeting, it shall issue a	writtenmeeting, it shall inform all Shareholders of the
								time and venue of the meeting and the matters
	notice 45 days before the meeting, notifying allto be considered thereat 20 days before the
	the registered shareholders of that class of themeeting is held, and if it is an Extraordinary
	matters to be reviewed at and the date and venueGeneral Meeting, 15 days before the meeting is
	of the meeting. Shareholders that intend to attendheld.
	the meeting shall	serve	a written	reply	on	theIf there are special provisions in the listing rules
								of the place where the company's shares are
	meeting	attendance	on	the Company 20 dayslisted, such provisions shall prevail.
	before the meeting is held.
	If the number of shares carrying the right to vote
	at the meeting represented by the shareholders
	intending to attend the meeting is more than half

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APPENDIX

of the total number of shares of that class carrying the right to vote at the meeting, the Company may hold the class shareholders' meeting. Otherwise, the Company shall, within five days, inform the shareholders once again of the matters to be considered at and the date and place of the meeting in the form of a public announcement. After such notification by public announcement, the Company may hold the class shareholder's meeting.

- 8 -

			APPENDIX
Appendix 2: Proposed Amendment to the Rules of General Meeting.
		Before amendment		After amendment
	1	Article 23		Article 23
	When the Company is to convene	a General	When the Company is to hold a class shareholders'
		Meeting of Shareholders, it shall issue a written	meeting, it shall inform all Shareholders of the
		notice for all the shareholders 20 days before the	time and venue of the meeting and the matters
		meeting.		to be considered thereat 20 days before the
			meeting is held, and if it is an Extraordinary
				General Meeting, 15 days before the meeting is
				held.
				If there are special provisions in the listing rules
				of the place where the company's shares are
				listed, such provisions shall prevail.

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NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Hanhua Financial Holding Co., Ltd.*

瀚華金控股份有限公司

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 3903)

NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

NOTICE IS HEREBY GIVEN that the First Extraordinary General Meeting in 2020 of Hanhua Financial Holding Co., Ltd.*(the "Company") will be held at Conference Room, 7th Floor, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the People's Republic of China (the "PRC") on Wednesday, 15 January 2020 at 10:00 a.m., for the following purposes:

SPECIAL RESOLUTION

To consider and approve the resolution on the amendments to the Articles of Association.

ORDINARY RESOLUTION

To consider and approve the resolution on the amendment to the Rules of General Meeting.

By order of the Board

Hanhua Financial Holding Co., Ltd.

Zhang Guoxiang

Chairman of the Board

Chongqing, the PRC, 29 November 2019

* For identification purpose only

• 10

NOTICE OF THE FIRST EXTRAORDINARY GENERAL MEETING IN 2020

Notes:

1. In order to determine the list of shareholders who are entitled to attend the First Extraordinary General Meeting in 2020, the register of members of the Company will be closed from Sunday, 15 December 2019 to Wednesday, 15 January 2020 (both days inclusive), during which no transfer of shares will be effected. To be eligible to attend and vote at the First Extraordinary General Meeting in 2020, all transfer documents must be lodged with the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H shares), or the Company's registered office in the PRC at 6-9, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC (for holders of domestic shares) not later than 4:30 p.m. on Friday, 13 December 2019.
2. A shareholder entitled to attend and vote at the First Extraordinary General Meeting in 2020 may appoint one or more person (whether he/she is a shareholder or not) to attend and vote at the same on his or her behalf.
3. The instrument appointing a proxy must be in writing and signed by a shareholder or his duly authorized attorney. If the shareholder is a corporation, such instrument must be either under its common seal or duly signed by its legal representative, director(s) or duly authorized attorney(s).
4. Shareholders who intend to attend the First Extraordinary General Meeting in 2020 by proxy should complete the proxy form. For holders of H shares, the proxy form should be returned to the Company's H share registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong and for holders of domestic shares, the proxy form should be returned to the Company's registered office in the PRC at 6-9, Building 2, 11 East Honghu Road, Yubei District, Chongqing, the PRC, in person or by post as soon as possible and in any event not less than 24 hours before the time fixed for holding the First Extraordinary General Meeting in 2020 or any adjournment thereof. Completion and return of the proxy form will not preclude you from attending the First Extraordinary General Meeting in 2020 or any adjournment thereof and voting in person.
5. Shareholders who intend to attend the First Extraordinary General Meeting in 2020 in person or by proxy should complete and return the reply slip to the Company's H share registrar (for holders of H Shares), Computershare Hong Kong Investor Services Limited or to the Company's registered office in the PRC (for holders of Domestic Shares) on or before Tuesday, 24 December 2019 in accordance with the instructions printed thereon.
6. The First Extraordinary General Meeting in 2020 is expected to last for less than half a day. Shareholders (in person or by proxy) attending the First Extraordinary General Meeting in 2020 are responsible for their own transportation and accommodation expenses. Shareholders or their proxies attending the First Extraordinary General Meeting in 2020 shall present their identity certifications.
7. In case of joint holders of a share, any one of such holders is entitled to vote at the meeting either in person or by proxy for such share, as if he/she is the only one entitled to do so among the joint holders. However, only the vote of the person whose name stands first on the register of members in respect of such share shall be accepted if more than one joint holder attend the meeting personally or by proxy.

As at the date of this notice, the executive directors of the Company are Mr. ZHANG Guoxiang, Mr. WANG Dayong and Mr. CUI Weilan; the non-executive directors of the Company are Mr. TU Jianhua, Ms. LIU Jiaoyang, Ms. LIU Tingrong, Ms. WANG Fangfei, Mr. FENG Yongxiang and Mr. LIU Bolin; and the independent non-executive directors of the Company are Mr. BAI Qinxian, Mr. DENG Zhaoyu, Mr. QIAN Shizheng, Mr. NG Leung Sing and Mr. YUAN Xiaobin.

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