Shandong International Trust Co., Ltd. announced that, due to work commitments, Mr. Zuo Hui has tendered his resignation as an employee representative supervisor to the board of supervisors of the Company with effect from 3 August 2022. The Board of Directors announces that, Mr. Wei Xiangyang ("Mr. Wei"), was elected as an Employee Representative Supervisor at the employee representative meeting of the Company held on 3 August 2022. The term of office of Mr. Wei shall be the same as the term of office of the third session of the Board of Supervisors, commencing from 3 August 2022.

Mr. Wei Xiangyang, aged 39, has over 13 years of experience in the financial and trust industries. He currently serves as the general manager of the risk control department of the Company. Mr. Wei joined the Company in 2015.

From July 2009 to September 2015, he worked in Jinan branch of China CITIC Bank Corporation Limited. From September 2015 to January 2018, he served as an employee of the risk control department of the Company. From January 2018 to August 2021, he served as the deputy general manager of the risk control department of the Company.

Since August 2021, he has served as the general manager of the risk control department of the Company. Mr. Wei obtained a master's degree in accounting from the School of Management of Xiamen University. Mr. Wei is a certified public accountant in the PRC and an international certified internal auditor.

He also holds the Chinese Law Practice Qualification Certificate.