The board of directors of Huarong International Financial Holdings Limited (the ‘Company', together with its subsidiaries, the ‘Group') announced that Mr. Wang Junlai has tendered his resignation as Chief Executive Officer with effect from 17 June 2022 owing to other commitments. The Board is meanwhile announced that Mr. Chen Qinghua has been appointed as Chief Executive Officer. Mr. Chen Qinghua, aged 43, has extensive experience in the corporate governance, asset management, risk management and legal affairs of listed companies in Hong Kong.

He has been deputy general manager of CHIH since December 2020, and has concurrently served as general manager of the asset protection department and general manager of the domestic business department. Mr. Chen joined Huarong Investment Stock Corporation Limited and which completed privatisation on 11 November 2020, currently a wholly-owned subsidiary of the Company) as deputy general manager in December 2016, overseeing the company's asset management department, M&A financing department, direct investment department and capital markets department. From 9 December 2019 to 31 December 2020, he also served as an executive director of HRIV.

Prior to that, Mr. Chen worked with China Development Bank Financial Leasing Co. Ltd. from May 2008 to December 2016 successively as general manager of the legal department, general manager of risk management department, office director and director of the board office. Mr. Chen graduated from Zhongnan University of Economics and Law in 2001 with a bachelor's degree in law and obtained an EMBA degree from Peking University's Guanghua School of Management in 2017.