China Industrial Securities International Financial Group Limited announced the appointment of Mr. Xiong Bo ("Mr. Xiong") as the non-executive Director of the Company has been approved at the EGM with effect from 4 March 2024. On 4 March 2024, Mr. Xiong has entered into a service contract with the Company for a term of three years commencing from 4 March 2024, subject to the provisions of retirement by rotation and re-election in accordance with the Articles of Association. He will not receive any emolument. The board of directors (the "Director(s)") of the Company hereby announces that Mr. Hu Pingsheng ("Mr. Hu") has tendered his resignation as a non-executive Director of the Company due to work allocation with effect from 4 March 2024. The Board further announces that, with effect from 4 March 2024, Mr. Hu has ceased to act as the chairman of the Board. Mr. Xiong, the non-executive Director, succeed Mr. Hu as the chairman of the Board. The Board further announces that with effect from 4 March 2024, Mr. Hu has ceased to act as the chairman of the nomination committee under the Board, and a member of each of the audit committee and the remuneration committee under the Board. Mr. Xiong succeed Mr. Hu as the chairman of the nomination committee under the Board, and a member of each of the audit committee and the
remuneration committee under the Board. Mr. Hu has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the Shareholders.