Huarong International Financial Holdings Limited announced that Mr. Bai Junjie has tendered his resignation as the Chairman of the Board and an executive Director due to work arrangement, with effect from 8 July 2019. The company also announced that Mr. Yu Meng has been appointed as the Chairman of the Board and an executive Director with effect from 8 July 2019. Mr. Yu is currently acting as a director and the general manager of China Huarong International Holdings Limited. He is also currently acting as the chairman of the board and an executive director of Huarong Investment Stock Corporation Limited. The Board announced that, following the change of Directors and with effect from 8 July 2019, Mr. Bai has ceased to be the chairman of the executive committee of the company and a member of each of the nomination committee and the Risk Management Committee of the company; and Mr. Yu has been appointed as the chairman of the Executive Committee and a member of each of the Nomination Committee and the Risk Management Committee.