The board of directors of China Cinda Asset Management Co., Ltd. announced that at the 11th meeting of the Board in 2022 held on October 9, 2022, a resolution was approved in relation to the appointment of Mr. LIANG Qiang ("Mr. LIANG") as the President of the Company for a term commencing from October 9, 2022 until renewal or replacement by the Board. Meanwhile, the Board nominated Mr. LIANG as an executive director of the Company. Mr. LIANG's qualification for the position is in compliance with the relevant laws and regulations as well as the Articles of Association of China Cinda Asset Management Co., Ltd. The appointment of Mr. LIANG as a director of the Company for a term of three years will be effective upon the approval of his appointment at the general meeting of the Company.

Mr. LIANG Qiang, born in 1971. In July 1993, Mr. LIANG started his career at Shanxi Branch of China Construction Bank. In September 1999, he began to work at the Company and worked successively on multiple positions at Taiyuan Office, the Market Development Department, the Finance Department, the Planning and Finance Department, Comprehensive Planning Department, the Strategic Investors Introduction and Listing Panel Office in Headquarters, and Shanghai Branch.

He successively took the positions of Assistant to President, member of the Party Committee and Vice President of the Company from February 2016 to December 2019, and concurrently served as a non-executive director of Nanyang Commercial Bank, Limited from May 2016 to February 2020. He successively took the positions of member of the Party committee, vice president and executive director of China Orient Asset Management Co., Ltd. from December 2019 to December 2020. He successively took the positions of deputy secretary of the Party committee, executive director and president of China Great Wall Asset Management Co., Ltd. from December 2020 to June 2021.

He successively took the positions of deputy secretary of the Party committee, president and executive director of China Huarong Asset Management Co., Ltd. from June 2021 to September 2022. Mr. LIANG graduated from Shanxi Finance & Taxation College in 1993 majoring in Investment and Economic Management. He graduated from the Shanghai University of Finance and Economics majoring in Accounting and obtained a bachelor's degree in Economics in 1999.

He obtained an MBA degree from Tsinghua University in 2005. He holds the professional title of Senior Economist.