The board of directors of China Financial Services Holdings Limited announced that Mr. Wang Jian Sheng retired as an independent non-executive director at the conclusion of 2018 annual general meeting on 21 May 2018 as he intends to spend more time on his personal business. Upon his retirement, Mr. Wang also ceased to be the member of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company. Following the retirement of Mr. Wang, the Board announcef that Madam Zhan Lili was appointed as an independent non-executive director, a member of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company on 21 May 2018.