Shandong International Trust Co., Ltd. announced the election of Mr. Yue Zengguang as an executive director of the Company. Mr. Yue was elected as an executive director of the Company at the EGM and was elected as the chairperson by the board of the directors of the Company. The Company recently received the Approval on the Qualification of Yue Zengguang as Director and Chairperson of Shandong International Trust Co., Ltd. by the Shandong Office of the National Financial Regulatory Administration (Lu Jin Fu [2024] No. 4) issued by the Shandong Office of the National Financial Regulatory Administration, pursuant to which, Mr. Yue serves as an executive director and chairperson of the Company with effect from 10 January 2024. Mr. Yue has been appointed as the chairperson of the strategies and risk management committee and a member of the nomination and remuneration committee of the Company. The biographical details of Mr. Yue are set out as follows: Mr. Yue Zengguang, aged 50, has over 10 years of experience in the trust industry. From January 2004 to August 2008, Mr. Yue successively served in Shandong Luxin Industry Group Company and Lucion Group, primarily handling financial matters of these companies. From September 2008 to March 2016, he successively served as the general manager of planning and finance department,
the assistant to the company general manager, the general manager of risk control department and the chief risk management officer and the secretary of the disciplinary committee of the Company. From March 2016 to November 2018, he served as the director (department head) of the office of disciplinary committee (supervision and audit department) of Lucion Group; since December 2016, he has been serving as an employee representative supervisor of Lucion Group; from May 2018 to December 2020, he served as the vice secretary to the Party Committee of the Company; from August 2018 to May 2021, he served as the executive director of the Company; from September 2018 to March 2021, he served as the general manager of the Company. He served as minister of the organisation department (human resources department) of the Party Committee of Lucion Group from March 2021 to November 2023. Mr. Yue has been serving as the secretary to the Party Committee of the Company since October 2023. Mr. Yue was accredited as a senior accountant by the Senior Review Commission of Professional Title in Accounting in Shandong Province and possesses the qualification of PRC certified accountant. Mr. Yue graduated from Shandong Economics College, majoring in accounting, and obtained a master' s degree, majoring in business administration, in Tianjin University.