The board of directors of China Financial Leasing Group Limited (the 'Company') announced that Mr. Xiao Shen ('Mr. Xiao') has been appointed as the company's non-executive director with effect from 15 September 2020. Mr. Xiao previously served as the general manager and executive director of Shenzhen Yinlian Investment Advisor Co. Ltd. and is currently the general manager and executive director of Shenzhen Jiantong Estate Co. Ltd.), the general manager and executive director of Shenzhen Jiantong Real Estate Development Co. Ltd.), the chairman and general manager of Shenzhen Shuixie Xiangmi Real Estate Development Co. Ltd., the chairman of Shenzhen Shenyue Investment Co. Ltd. and a director of Zhengda Asset Management (Shenzhen) Co. Ltd.