The board of directors of China Huarong Asset Management Co., Ltd. received a letter of resignation from Mr. WANG Wenjie. Mr. Wang resigned as the executive director of the Company, the member of each of the Strategy and Development Committee and the Risk Management Committee of the Board and the vice president of the Company due to his retirement. Pursuant to the relevant regulations, the resignation of Mr. Wang becomes effective on 15 September 2022.

Mr. Wang has confirmed that he has no disagreement with the Board and there are no other matters related to his resignation that should be brought to the attention of the shareholders or creditors of the Company or The Stock Exchange of Hong Kong Limited.