The board of directors of China Industrial Securities International Financial Group Limited announced that Mr. Lan Rong ("Mr. Lan") has tendered his resignation as a non-executive Director and the chairman of the Board due to devotion of more time and energy to other work with effect from 30 January 2018. The Board further announced that Mr. Yang Huahui ("Mr. Yang") will be appointed as a non- executive Director and the chairman of the Board with effect from 30 January 2018. Yang is currently the secretary of party committee and the chairman of the board of directors of Industrial Securities Co. Ltd. The Board further announced that, following the change of non-executive Director, Mr. Lan ceased to be the chairman of the Nomination Committee and a member of the Remuneration Committee under the Board with effect from 30 January 2018. Yang will be appointed as the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 30 January 2018.