Shenwan Hongyuan (H.K.) Limited announced that at its EGM held on 20 October 2023, approved the appointment of Mr. Ren Xiaotao as the non-executive Director of the Company. Mr. Ren, aged 52, successively served as actuarial senior manager of the actuarial department of China Pacific Insurance (Group) Co. Ltd., senior deputy manager of the non-banking division, senior deputy manager and senior manager of the securities institution management division/insurance institution management division, division chief and director of Insurance Institutions Equity Department II of the securities institution management division/insurance institution management division of Central Huijin Investment Ltd. (during which he temporarily served as the deputy general manager of the development and planning department, deputy general manager of the assets management department and deputy general manager of China (Shanghai) Pilot Free Trade Zone Branch of China Continent Property & Casualty Insurance Company Ltd.).

He currently serves as a director of Shenwan Hongyuan Group Co. Ltd., a director of Shenwan Hongyuan Securities Co. Ltd., the managing director and designated director of the directly managed enterprises leading group/equity management department II of Central Huijin Investment Ltd. He has over 20 years of experience in financial business management.

Mr. Ren holds a master's degree in economics. The Board further announced that due to work adjustment, Mr. Zhang Jian ("Mr. Zhang") has resigned as Executive Director and a member of Executive Committee of the Company with effect from 20 October 2023.