The board of directors of Shandong International Trust Co., Ltd. (the "Company") announced that, due to work adjustment, Mr. Yue Zengguang ("Mr. Yue") will resign as an executive director of the Company. The Board has approved the resignation of Mr. Yue on 3 February 2021, and his resignation shall take effect upon the approval of the qualification of the new executive director and general manager of the Company by the Shandong Office of China Banking and Insurance Regulatory Commission (the "Shandong Office of CBIRC"), respectively.