On 23 March 2021, China Huarong Asset Management Co. Ltd. that Mr. Tse Hau Yin, Aloysius, an Independent Non-Executive Director of Sinofert Holdings Limited, has resigned as an independent non-executive director of China Huarong and the resignation shall be effective from the commencement of the term of office of the new independent non-executive director. Meanwhile, with effect from 3 June 2021, Mr. Tse Hau Yin, Aloysius no longer served as an independent non-executive director of OCBC Wing Hang Bank limited.