China Development Bank Financial Leasing Co., Ltd. announced that the Company has received a resignation letter from Mr. Peng Zhong ("Mr. Peng") on 9 December 2022. Due to the change of his work arrangements, Mr. Peng has resigned as the president of the Company. Pursuant to the articles of association of the Company, Mr. Peng's resignation takes effect from 9 December 2022.

During the period when Mr. Peng acted as the vice chairman, an executive director and the president of the Company, Mr. Peng performed his job with diligence and dedication. The Company will identify suitable candidate to fill the vacancy. Meanwhile, in order to ensure the normal operation and management of the Company, Ms. Ma Hong, the chairman of the Board, will perform the duties of the president of the Company temporarily.