China Huarong Asset Management Co., Ltd. received a letter of resignation from Mr. LIANG Qiang ("Mr. Liang"). Mr. Liang resigned as the executive director of the Company, the member of the Strategy and Development
Committee of the Board and the president of the Company due to change of work. Pursuant to the relevant regulations, the resignation of Mr. Liang becomes effective on 23 September 2022. Mr. Liang has performed his duties diligently and conscientiously since he joined the Company. He strictly implemented requirements of higher-level Party committees and regulatory bodies, actively participated in the Company's overall risk mitigation work, and made positive contributions to the Company for maintaining stable operation, promoting risk mitigation, transformation and development. The Company and the Board would like to take this opportunity to express their sincere gratitude to Mr. Liang for his positive contributions to the development of the Company during his term of office.