The board of directors of Jingrui Holdings Limited announced that Mr. Chen Chao has been appointed as an executive director of the Company with effect from 30 March 2020. Mr. Chen Chao is the vice president and chief financial officer of the Group and the chairman of Yan Capital Management, which is a wholly owned subsidiary of the Company. From July 2012 to June 2018, he served as vice president of Yuzhou Properties Company Limited in charge of the finance, capital, legal affairs, risk control and other businesses. Mr. Chen joined the Company in July 2018 as the Group's vice president and chief financial officer and chairman of Yan Capital Management, responsible for the finance, financing, capital markets and fund business.