The board of directors of Shandong International Trust Co., Ltd. announced that, due to work adjustment, Mr. Tian Zhiguo (Mr. Tian) has tendered his resignation as an employee representative supervisor to the board of supervisors of the company on 7 January 2022. The board of directors announced that, Ms. Li Yan (Ms. Li), was elected as an employee representative supervisor at the employee representative meeting of the company held on 7 January 2022. The term of office of Ms. Li shall be the same as the term of office of the third session of the Board of Supervisors, commencing from 7 January 2022.

Ms. Li Yan has nearly 20 years of experience in trust industry. She currently serves as the director of wealth management department of the company. Ms. Li joined the company in 2002.