The board of directors of Huarong International Financial Holdings Limited announced that Dr. Lam Lee G. (the "Dr. Lam") has tendered his resignation as an independent non-executive director of the Company with effect from 31 March 2024 due to other business activities. Following Dr. Lam's resignation as an independent non-executive director, he will cease to be the chairman of the sustainable development committee, a member of the audit committee and the risk management committee. The Board also announces that following Dr. Lam's resignation and with effect from 31 March 2024, Mr. Guan Huanfei, an independent non-executive director and a member of the
sustainable development committee, will be appointed as the chairman of the sustainable development committee and Mr. Lu Xinzheng, an executive director, will be appointed as a member of the sustainable development committee.