The board of directors of China Huirong Financial Holdings Limited announced that Mr. Zhang Huaqiao did not offer himself for re-election as an independent non-executive director of the company and retires at the conclusion of the AGM since he wishes to devote more time to other business engagements. In addition, being approved at the AGM, Mr. Liang Jianhong has been appointed as an independent non-executive director of the company with effect from 28 May 2021. The Board further announced that after the retirement of Mr. Zhang, he ceased to serve as the chairman of the company's remuneration committee and a member of the company's nomination committee with effect from 28 May 2021. Mr. Liang has been appointed as the chairman of the Remuneration Committee and a member of the Nomination Committee in the place of Mr. Zhang with effect from 28 May 2021.