The board of directors of China Everbright Limited announced that Mr. Zhang Mingao has resigned as an Executive Director and the President, the Chairman of the Executive Board Committee, the Chairman of the Environmental, Social and Governance Committee, a member of the Strategy Committee, and an authorised representative, due to work arrangement with effect from 4 January 2024. The Board announced that Mr. Fang Bin has resigned as a Non-executive Director and a member of the Environmental, Social and Governance Committee of the Company due to work arrangement with effect from 4 January 2024. The Board further announced that with effect from 4 January 2024, Mr. Lin Chun ("Mr. Lin") has been appointed as an Executive Director and the President, the Chairman of the Executive Board Committee, the Chairman of the Environmental, Social and Governance Committee, a member of the Strategy Committee and an Authorised Representative of the Company.

The biographical details of Mr. Lin are set out below: Mr. Lin Chun, aged 53, is an Executive Director and the President. He is also the Chairman of the Executive Board Committee, the Chairman of the Environmental, Social and Governance Committee and a member of the Strategy Committee of the Company. Mr. Lin was the chairman of Everbright Financial Holding Asset Management Co.

Ltd. from 2021 to 2023. Since 1993, Mr. Lin had served as a transaction office trader of the international business department, deputy manager of the treasury division of the international business department, deputy director of the market trading division of the planning and funding department, director of the transaction office of the international business department, director of the transaction office of the treasury department, assistant to the general manager of the treasury department, assistant to the general manager of the investment banking department, deputy general manager of the investment banking department, deputy general manager of the investment banking department (in charge), general manager of the investment banking department of China Everbright Bank Company Limited (stock code: 601818.SH, 6818.HK). He had served as the general manager of the investment and restructuring department of China Everbright Group Ltd., the controlling shareholder of the Company, from 2015 to 2021.

He has 30 years of experience in the financial industry and management. Mr. Lin holds a Bachelor's degree in international finance from the Department of International Finance of China Institute of Finance and Banking (now known as China School of Banking and Finance University of International Business and Economics). He joined the Board in January 2024.

The Board further announced that with effect from 4 January 2024, Dr. Qin Hongyuan has been appointed as a Non-executive Director and a member of the Environmental, Social and Governance Committee of the Company. The biographical details of Dr. Qin are set out below: Dr. Qin Hongyuan, aged 44, is a Non-executive Director. He is also a member of the Environmental, Social and Governance Committee.

Dr. Qin is currently the Head of Fund Utilization Department and the Deputy General Manager of Investment and Management Department (in charge) of CITIC- Prudential Life Insurance Co. Ltd. ("CITIC-Prudential Life"). Dr. Qin had served as a Senior Business Deputy Manager of China Everbright Bank Company Limited (stock code: 601818.SH, 6818.HK), the Market Risk Manager of the Asset Management Center, the Manager of the Risk Control Department and the Manager of the Credit Review Department of CITIC-Prudential Life, and the General Manager of the Credit Review Department, the General Manager of the Financial Institutions Department, and the General Manager of the Product and Marketing Department of CITIC-Prudential Asset Management Company Ltd. He has over 15 years of experience in the financial industry and management.

Dr. Qin holds a Bachelor's degree in computational mathematics and software application from Henan Normal University, a Master's degree in computational mathematics from Northwestern Polytechnical University, and a Doctorate degree in applied economics (financial engineering) from Xiamen University. He joined the Board in January 2024.