The Board of Directors of CSC Financial Co., Ltd. announced that executive director Mr. LI Geping ("Mr. LI") has tendered to the Board his resignation as Chief Financial Officer of the Company due to person reasons. In accordance with laws and regulations including the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Rules for Governance of Securities Companies, and relevant requirements under the Articles of Association of CSC Financial Co., Ltd., the resignation of Mr. LI will not result in the number of members of the Board falling below the statutory minimum number. Mr. LI's resignation as an executive director of the Company and a member of special committees of the Board will take effect from June 1, 2023; his resignation as senior management including the General Manager, a member of the Executive Committee and the Chief Financial Officer of the Company will be carried out as soon as possible in accordance with the relevant laws and regulations and the Articles of Association of CSC Financial Co., Ltd. The Company is operating normally and the resignation of Mr. LI will not affect the normal operation of the Board and the Company.