The board of directors of China Huirong Financial Holdings Limited announced that Mr. Zhang Huaqiao, an independent non-executive director of the Company, will retire from the conclusion of the 2021 annual general meeting of the Company. Mr. Zhang has informed the Board that since he wishes to devote more time to other business endeavours, he will not offer himself for re-election and will accordingly retire from the conclusion of the 2021 AGM. After his retirement, Mr. Zhang will no longer serve as the chairman of the Company's remuneration committee and a member of the Company's nomination committee. Mr. Zhang has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company with regard to his retirement. The Board proposed the appointment of Mr. Liang Jianhong as an independent non-executive director of the Company to fill in the vacancy to be left open following Mr. Zhang's retirement.