Huarong International Financial Holdings Limited announced that due to work arrangement, Ms. Wang Wei (Ms. Wang) has tendered her resignation as an executive Director and the Deputy Chief Executive Officer of the company with effect from 8 January 2018. Following her resignation as a Director, Ms. Wang has ceased to be a member of each of the executive committee and the risk management committee and an authorised representative under Rule 3.05 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited of the company with effect from the same day. The Board announced that Dr. Niu Shaofeng (Dr. Niu) has been appointed as an executive Director, an Assistant to the Chief Executive Officer, a member of each of the Executive Committee and the Risk Management Committee and an Authorised Representative of the company with effect from 8 January 2018. Dr. Niu has extensive experience in banking, financial market, market development and credit management. Dr. Niu worked in the People's Bank of China from July 2002 to November 2016 and last served as the director of gold and foreign exchange market division of its financial market department before his resignation. He then worked in China Huarong Asset Management Co. Ltd., the controlling shareholder of the company holding approximately 51% of the total issued shares of the company as of the date of this announcement, as the assistant general manager of its financial market department from November 2016 to August 2017, and served as an executive director and the assistant chief executive officer of Huarong Investment Stock Corporation Limited (Huarong Investment) and an indirect non-wholly owned subsidiary of China Huarong, and was responsible for overseeing the administration department, information technology department and market development department of Huarong Investment from October 2017 to December 2017.