The board of directors of Huarong International Financial Holdings Limited appointed Ms. Wang Qi as a non-executive Director and a member of the risk management committee under the Board of the company with effect from 15 June 2020. Ms. Wang Qi, aged 36, has extensive experience in financial and operation management. She joined the planning and finance department of China Huarong Asset Management Co. Ltd., the ultimate controlling shareholder of the company, the shares of which are listed on The Stock Exchange of Hong Kong Limited (stock code: 2799) in July 2014.