The board of directors of Capital Industrial Financial Services Group Limited announced the following changes in directorships of the Company with effect from 1 June 2024. Ms. Fu Yao ("Ms. Fu") has been appointed as executive director, managing director and a member of executive committee of the Company. Ms. Fu, aged 43, joined the Group in March 2022 and served as the general manager of the Company and an executive director of the Company's wholly-owned subsidiary.

Prior joining to the Group, she worked as the deputy general manager of Industrial Digital Finance Department at (Tianxing Digital Technology Co. Ltd.), a wholly- owned subsidiary of Xiaomi Corporation. Ms. Fu obtained bachelor's degree in chemical engineering from China University of Petroleum in 2002 and an executive master's degree in business administration from China Europe International Business School in 2018.

Ms. Fu possesses extensive experience in the field of supply chain finance technology.