CHINA CITIC FINANCIAL ASSET MANAGEMENT CO., LTD. The board of directors of China Huarong Asset Management Co., Ltd. announced the annual general meeting for 2022 has considered and approved Mr. Lo Mun Lam, Raymond as an independent non-executive Director of the Company. The appointment of Mr. Lo as Director shall be effective upon the approval of his qualification as Director by the National Administration of Financial Regulation (the NAFR). The Board Meeting has considered and approved the appointment of Mr. Lo as a member of each of the Strategy and Development Committee, the Related Party Transaction Committee and the Audit Committee of the Board and the chairman of the Audit Committee.
The appointment of Mr. Lo as a member of Special Committees of the Board shall be effective from the date of approval of his qualification as Director by the NAFR, and his term of office shall be the same as that of his directorship of the Company.
