The board of directors of International Alliance Financial Leasing Co., Ltd. announced that with effect from 9 January 2023: (i) Mr. Song Jianbo has been appointed as the chairman of the Board and a non-executive Director; Mr. Yuen Kin Shan has been appointed as an executive Director; and Ms. Xing Li has been appointed as an independent non-executive Director with effect from 9 January 2023. The biographical details of Mr. Song, Mr. Yuen and Ms. Xing are as follows: Mr. Song: Mr. Song, as the chairman of the Board and a non-executive Director, is responsible for (i) convening and chairing general meetings and Board meetings; and (ii) providing overall corporate strategic advice to the Group, as well as developing and implementing business strategy. Mr. Song, aged 52, has held various positions of a number of companies established in the People's Republic of China over the years.

For instance, he is a chairman of the board of directors of Nanshan Group Co., Ltd. since February 2015. In March 1993, he joined Shandong Nanshan Aluminium Co., Ltd. During his tenure at Nanshan Aluminium, Mr. Song had been a director, the vice chairman of the board of directors, the general manager and the chairman of the board of directors. For the last three years, Mr. Song had been a director of Nanshan Aluminium until November 2021.

Mr. Song graduated from Beijing International Studies University majoring in English in June 1990 and completed a tertiary college online course on economic management of Jilin University in January 2015. Mr. Yuen: Mr. Yuen, as the executive Director, is responsible for the corporate finance and accounting management of the Group. Mr. Yuen, aged 41, joined the Company as chief financial officer in September 2020.

He was then appointed as the company secretary and an authorised representative of the Company in December 2020. Mr. Yuen is also a director of Hong Kong Alliance Financial Leasing Co., Limited. Mr. Yuen has over 10 years of experience in auditing, accounting, financial management and corporate finance.

Prior to joining the Group, he had served as the financial controller of Solargiga Energy Holdings Limited from September 2014 to September 2020. Mr. Yuen has obtained a bachelor of commerce degree in finance and accounting from the University of New South Wales in Australia in October 2003 and a master degree of business administration from The Hong Kong University of Science and Technology in August 2017. He is also a member of the Hong Kong Institute of Certified Public Accountants and CPA Australia.

Ms. Xing Ms. Xing, as an independent non-executive Director, is responsible for supervising and providing independent advice to the Board. Ms. Xing, aged 32, is an executive director of HY International Holdings Limited since April 2021, a responsible officer of Huayu Securities Limited since September 2021 and a director of New Asia Ferrell Asset Management Limited since October 2021. Both Huayu Securities Limited (with licences of Type 1 -- Dealing in Securities and Type 4 -- Advising on Securities regulated activities) and New Asia Ferrell Asset Management Limited (with licences of Type 4 -- Advising on Securities and Type 9 -- Asset Management regulated activities) are corporations regulated by the Securities and Futures Commission.

Ms. Xing worked as an investment consultant at the Wealth Management Department of China Merchants Securities Co., Ltd, from July 2011 to July 2013. She was then an associate of China Investment Securities (Hong Kong) Financial Holdings Ltd. from July 2014 to August 2017. Thereafter, she had been a vice president of CRIC Securities Company Limited from April 2018 to April 2021.

Ms. Xing obtained the degree of Bachelor of Economics in Finance from Southwestern University of Finance & Economics in July 2011 and Master of Science in Corporate Governance and Directorship from Hong Kong Baptist University in July 2014.