The re-designation of Mr. Zhang Wenjun from Non-Executive Non-Independent Director to Non-Executive and Lead Independent Director of the Company was reviewed and approved by the Nominating Committee and the board of directors, with Mr. Zhang abstaining from this decision. The NC and the Board, having taken into consideration the independence criteria as set out under the Code of Corporate Governance 2018, is of the opinion that Mr. Zhang is independent. The NC and the Board, having assessed Mr. Zhang's qualifications and experience in banking operations, business reorganisations and/or restructuring, merger and acquisitions, IPOs, capital markets, financial and accounting experience, and taking into account the cessation of a substantial shareholder in the Company (whose interests Mr. Zhang used to represent) and familiarity with the Company, is of the view that the re-designation of Mr. Zhang from Non-Executive Non-Independent Director to Non-Executive and Lead Independent Director of the Company is appropriate.

He will also be appointed as the Chairman of the Audit Committee. Working Experience: 2012 to 2014 - Assistant President of Shanghai Branch and Shenyang Branch of Ping An Bank Limited, 2015 to 2021 - General Manager of Shanghai Branch of Ping An Securities Company Ltd. Professional Qualifications: Bachelor of Engineering Degree, Xi'an Jiao Tong Technological University MBA Macau International Public University. Appointment date is March 13, 2024.