Zhejiang Yongan Rongtong Holdings Co., Ltd. announced that Ms. He Lianfeng will resign as executive Director due to her personal development with effect from the date of the forthcoming annual general meeting while Mr. Hu Hua Jun (``Mr. Hu'') will retire as executive Director upon expiration of the term of his service contract with the Company at the AGM and will not offer himself for re-election as executive Director. Following the resignation of Ms. He, she will also cease to be a member of the Nomination Committee. The Board announces that Mr. Chen Wei (``Mr. Chen''), a supervisor of the Company (the ``Supervisor''), will retire upon expiration of the term of his office until the expiry of the term of the second session of the supervisory committee of the Company (the ``Supervisory Committee'') and will not offer himself for re-election as a Supervisor at the employee representative general meeting of the Company.