The board of directors of Huarong Investment Stock Corporation Limited announced that with effect from 27 November 2018, Mr. Qin Ling has resigned as the chairman of the Board and an executive Director due to personal reason. The board also announced that, Mr. Yu Meng ("Mr. Yu") has been appointed as an executive Director and the chairman of the board, with effect from 27 November 2018. following the resignation of Mr. Qin as an executive Director, Mr. Qin ceased to be the chairman of the nomination committee of the company and a member of the risk management committee of the company; and Mr. Yu has been appointed as the chairman of the Nomination Committee and a member of the Risk Management Committee. Following the above changes, the Nomination Committee comprises five members, namely Mr. Yu (as chairman), Mr. Chan Kee Huen Michael, Mr. Tse Chi Wai, Dr. Lam Lee G and Dr. Fang Fuqian; and the Risk Management Committee comprises five members, namely Mr. Liu Xiguang (as chairman), Mr. Yu, Mr. Zhang Fan, Ms. Lin Xueqin and Dr. Lam Lee G.