The board of directors of Huarong International Financial Holdings Limited announced that due to work arrangement, Ms. Yu Xiaojing has tendered her resignation as a non-executive director with effect from September 27, 2017. The board also announced that Ms. Fan Haibo has been appointed as a non-executive director with effect from September 27, 2017. Ms. Fan joined the controlling shareholder of the company, namely China Huarong Asset Management Co. Ltd. in 2009, and served successively as deputy senior manager and senior manager of Human Resources Department of China Huarong, assistant general manager and deputy general manager of Huarong International Trust Co. Ltd., and deputy general manager of Human Resources Department of China Huarong. Since August 2017, Ms. Fan has been serving as deputy general manager of International Department and concurrently deputy director of Overseas Business Management Department of China Huarong. The board announced that, following the change of non-executive director and with effect from September 27, 2017, Ms. Yu has ceased to be a member of each of the nomination committee and the risk management committee of the company; and Ms. Fan has been appointed as a member of each of the nomination committee and the risk management committee. The board announced that due to work arrangement, Mr. Zhao Qiang has tendered his resignation as the deputy chief executive officer of the company with effect from September 27, 2017.