The board of directors of Cornerstone Financial Holdings Limited announced that with effect from 25 July 2018: Mr. Liu Xiaodong (Mr. Liu) has resigned as an executive director, the Chairman of the Board, an authorized representative, the Chairman of each of the executive committee and the corporate governance committee of the company, due to his other personal engagement and business commitment. Mr. An Xilei (Mr. An) has been re-designated from the Deputy Chairman to the Chairman of the Board, and has been appointed as an Authorised Representative, the Chairman of the Corporate Governance Committee to fill the vacancies caused by the resignation of Mr. Liu. Mr. An was appointed as an executive Director on 1 December 2016. He was the Chairman of the Board from 1 December 2016 to 12 January 2018, then the Deputy Chairman from 12 January 2018 up to the date of this announcement when he took up the role of Chairman again.