CSC Financial Co., Ltd. announces that Mr. Wang Hao, a non-executive director of the Company, has recently tendered his resignation report, applying for the resignation as a non-executive director and chairman of the Risk Management Committee and member of the Development Strategy Committee of the board of directors of the Company due to change in work arrangements. Pursuant to the relevant requirements of the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Rules on Governance of Securities Companies and other relevant laws and regulations as well as the Articles of Association of CSC Financial Co., Ltd., the resignation of Mr. Wang Hao will not cause the number of members of the board of directors to be lower than the quorum. The resignation will take effect from September 10, 2021. Mr. Wang Hao has confirmed that he has no disagreement with the board of directors of the Company and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Company. His resignation will not affect the normal operation of the board of directors of the Company and the Company.