The Board of Directors of Huarong Investment Stock Corporation Limited (the ‘Company’) announced that with effect from 9 December 2019: Ms. Zhao Yingxuan (‘Ms. Zhao’) has tendered her resignation as a non-executive Director and ceased to be a member of the Company's audit committee (the ‘Audit Committee’), Dr. Lam Lee G. (‘Dr. Lam’) has been appointed as a member of the Audit Committee and Mr. Chen Qinghua (‘Mr. Chen’) has been appointed as an executive Director. Ms. Zhao has informed the Board that she resigned due to her intention to devote more time to other business and has confirmed that she has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange in connection with her resignation. Following the change of Directors as mentioned above, the Audit Committee comprises Mr. Chan Kee Huen Michael as the chairman, Mr. Tse Chi Wai and Dr. Lam.