The board of directors of International Alliance Financial Leasing Co., Ltd. announced that Mr. LI Zhixuan has resigned as the executive Director, with effect from 6 September 2021, due to his other business commitments. After resignation, Mr. Li no longer holds any position in the Group. The Board announced that Mr. LIU Zhenjiang has been appointed as the executive Director with effect from 6 September 2021. Mr. Liu has been the Director of Risk Management of the Group since April 2019, mainly responsible for the legal compliance and risk management of proposed projects, drafting and review of transaction documents, and overseeing the Group's internal controls and compliance. He is also the supervisor of several subsidiaries of the Company, namely International Alliance Financial Leasing (Shenzhen) Co., Ltd., Nanshan Financial Leasing (Tianjin) Co., Ltd., Beijing Nanshan Jinchuang Information Consulting Co., Ltd. and Tianjin Rongjin Enterprise Management & Consulting Co., Ltd. Mr. Liu has over 10 years of experience in the legal profession and worked as in-house legal counsels of a few private companies in the People's Republic of China before joining the Group.