The board of directors of Huarong Investment Stock Corporation Limited announced that with effect from 8 July 2019: Mr. Liu Xiguang ("Mr. Liu") has tendered his resignation as an executive Director, and ceased to be the authorised representative of the company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules") (the "Authorised Representative"), the chairman of the company's risk management committee (the "Risk Management Committee") and a member of the company's remuneration committee (the "Remuneration Committee"); Ms. Lin Xueqin has tendered her resignation as a non-executive Director, and ceased to be a member of the company's audit committee (the "Audit Committee"); Mr. Xu Xiaowu has been appointed as an executive Director, the chief executive
officer of the company, the Authorised Representative, the chairman of the Risk Management Committee and a member of the Remuneration Committee; and Ms. Zhao Yingxuan has been appointed as a non-executive Director and a member of the Audit Committee. Mr. Xu, is the chief supervisor of the company. Ms. Zhao, is serving as the Assistant to General Manager of Integrated Planning and Collaborative Development Department.