Zhejiang Yongan Rongtong Holdings Co., Ltd. announced that Mr. Wang Hengzhuang will resign as executive Director and as chairman of the Board with effect from the date of the EGM as he need to devote more time on his other engagements. The Board proposes to appoint Mr. Lou Lijiang as executive Director. Pursuant to the Articles, such appointment will only become effective after obtaining the approval of the Shareholders at the EGM. The Board announces that Mr. Leng Peng and Ms. Wu Yuejuan will resign as independent non-executive Directors due to their personal development with effect from the date of the EGM. The Board proposes to appoint Mr. Yu Weidong and Mr. Yuan Lingfeng as independent non-executive Directors. Pursuant to the Articles, such appointments will only become effective after obtaining approval of the Shareholders at the EGM. Subject to the appointment of Mr. Lou as executive Director, the Board proposes to elect Mr. Lou as the chairman of the Board in order to replace Mr. Wang. Such appointment will only become effective after obtaining the approval of the Shareholders for his appointment as executive Director at the EGM. Subject to the appointment of Mr. Lou as an executive Director, the Board proposes to elect Mr. Lou as a member of the Remuneration Committee in order to replace Mr. Wang. Such appointment will only become effective after obtaining the approval of the Shareholders for his appointment as an executive Director at the EGM. Subject to the appointment of Mr. Yu and Mr. Yuan as independent non-executive Directors, Mr. Yu will be appointed to replace Mr. Leng as the chairman of the Audit Committee and as member of the Remuneration Committee and Nomination Committee while Mr. Yuan will be appointed to replace Ms. Wu as the chairman of the Remuneration Committee and as member of the Audit Committee and Nomination Committee. Such appointments will only become effective after obtaining approval of the Shareholders for their appointments as independent non-executive Directors at the EGM. The Board announces that Mr. Lou Lijiang is proposed to b appointed as executive Director. Pursuant to the Articles, such appointment will only become effective after obtaining the approval of the Shareholders at the EGM. Biographical details of Mr. Lou are as follows: Mr. Lou, aged 34, graduated from Zhejiang Institute of Finance and Economics (currently name Zhejiang University of Finance and Economics) with the bachelor's degree in Insurance in June 2010. From May 2011 to December 2015, he worked a the loan department of Shaoxing Keqiao Yongli Small Loan Co., Ltd., a subsidiary of Zhejiang Yongli and with the last position as a deputy genera manager. From January 2016 to December 2020, he worked as a general manager of the investment department of Zhejiang Yongli. In January 2021, he joined the Company and is working as a deputy general manager of the Company. The Board announces that Mr. Yu Weidong and Mr. Yuan Lingfeng are proposed to be appointed as independent non-executive Directors. Pursuant to the Articles, such appointments will only become effective after obtaining approval of the Shareholders at the EGM. Mr. Yu, aged 53, graduated from Zhejiang Institute of Finance and Economics with the bachelor's degree in Accountancy in July 2001. From July 1992 to December 1999, Mr. Yu worked as an audit officer of Shaoxing County Audit Office, a department under Shaoxing City Audit Bureau. From December 1999 to December 2017, he served as vice irector of Shaoxing Xingye CPA Firm. Since December 2017, he has been a director of Shaoxing Zhongjing CPA Firm. Mr. Yu has been granted a certificate of senior accountant in December 2003.