The board of directors of Shenwan Hongyuan Group Co., Ltd. received on 29 September 2021 the written resignation tendered by Mr. Yang Wenqing, vice chairman and an executive director of the Company. Due to work arrangement, Mr. Yang Wenqing applied to resign as the vice chairman and an executive director of the fifth session of the Board and a member of the Strategy Committee of the Board of the Company. After the resignation takes effect, Mr. Yang Wenqing will serve as a senior expert of the Company.