The board of directors of China Industrial Securities International Financial Group Limited announced that Mr. Li Baochen has been appointed as an executive Director with effect from 13 January 2020. The Board further announced that Mr. Huang Jinguang, due to work commitment, ceases to act as the chief executive officer of the Company but remains to hold the position of the executive Director and the vice chairman of the Board with effect from 13 January 2020. Upon Mr. Huang's cessation to act as the Chief Executive Officer, Mr. Li, an executive Director, has been appointed as the Chief Executive Officer with effect from 13 January 2020.

Mr. Li has over 16 years of experience in the financial services industry.