China Huirong Financial Holdings Limited announced that the company dated 18 October 2021, in relation to the appointment of chief executive officer of the company. In addition to the information disclosed in the Announcement, the Board would like to provide supplemental information on the purposes of the appointment of Mr. Qiu Wei as the chief executive officer of the Company in substitution of Mr. Wu Min. Unless otherwise stated, the terms used in this announcement shall have the same meaning as those defined in the Announcement.