The board of directors of China Huarong Asset Management Co., Ltd. announced that the Board resolved at a Board meeting held on 13 March 2023 to appoint Mr. LI Zimin as a member of each of the strategy and development committee and the risk management committee of the Board. The memberships of Mr. Li shall become effective from 13 March 2023 and his term of office shall be the same as that of his directorship.