The board of directors of Shanghai Dongzheng Automotive Finance Co., Ltd. announced that Mr. Ji Yijun has been appointed as a joint company secretary of the Company with effect from 29 June 2023. The existing company secretary of the Company, Mr. Chan Pak Hung ("Mr. Chan"), will become the other Joint Company Secretary with effect from the same day and assist Mr. Ji in the discharge of his duties as a Joint Company Secretary. Mr. Ji was appointed as the secretary to the Board in February 2023 and attained the qualification of board secretary from Shanghai Stock Exchange in August 2022.

The Company, which is licensed and regulated by the China Banking and Insurance Regulatory Commission ("CBIRC"), received the approval from CBIRC on the qualification of Mr. Ji as the secretary to the Board in February 2023. Mr. Ji is currently responsible for the management of department relating to the Board affairs, handling daily affairs and communications of the Board and assisting the Board in legal compliance and corporate governance matters. From November 2014 to February 2023, Mr. Ji worked for SAIC- GMAC Automotive Finance Company Limited ("SAIC-GMAC", a company licensed and regulated by CBIRC engaging in the automotive finance business in China) and served various positions including supervisor and senior supervisor of employee development of human resources department, assistant to chairman and executive assistant to chairman.

Mr. Ji received a bachelor of arts degree in global trade and finance in 2013 and a master of science degree in financial economics in 2014 from University of Bradford. Mr. Ji is an economist in the PRC. Mr. Chan was appointed as a joint company secretary of the Company in December 2019 and he has become the sole company secretary of the Company since January 2021.

Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants and meets the requirements under Note 1 to Rule 3.28 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. He has over 15 years of experience in the corporate finance, compliance and company secretarial fields.