China Industrial Securities International Financial Group Limited announced that Mr. Cai Junzheng ("Mr. Cai") has tendered his resignation as an executive Director and the chief executive officer of the Company with effect from 18 January 2024 in order to devote more time and energy to his other business commitments. The Board further announces that Ms. Zhang Chunjuan ("Ms. Zhang"), an executive Director, succeed Mr. Cai as the chief executive officer of the Company with effect from 18 January 2024. Ms. Zhang, aged 39, was appointed as an executive Director on 2 August 2019.

She was appointed as chief financial officer of the Company on 17 July 2019. Ms. Zhang is also a director of various subsidiaries of the Group. Ms. Zhang was appointed as a deputy chief executive officer and chief financial officer of Industrial Securities (Hong Kong) Financial Holdings Limited, the controlling shareholder of the Company (as defined in the Listing Rules) on 19 March 2019, she was also appointed as an executive director, general manager and legal representative of Industrial Securities Consultancy Service (Shenzhen) Company Limited* on 18 January 2024, which is the subsidiary of Industrial Securities (Hong Kong) Financial Holdings Limited.

Currently, she is a director of Intelligent Capital Company Limited and manager of Artland International Company Limited LLC and 118 East 59th Street Realty LLC. Ms. Zhang was deputy chief executive officer and chief compliance officer of the Company from 17 July 2029 to 18 January 2024. Ms. Zhang has over 15 years of experience in financial services industry.

From July 2008 to September 2013, Ms. Zhang served as the manager of information management and analysis department of the integrated business planning department of planning and finance department of Industrial Securities. From October 2013 to April 2015, Ms. Zhang served as the manager and senior manager of tax planning and accounting internal control department of finance department of Industrial Securities. From May 2015 to May 2017, Ms. Zhang served as the manager and senior manager of financial management and analysis department financial management division of finance department of Industrial Securities.

From May 2017 to December 2017, Ms. Zhang served as the assistant general manager of finance department and manager of financial management analysis department. From January 2018 to October 2018, Ms. Zhang served as the director of planning and analysis department of planning and finance department of Industrial Securities. From October 2018 to March 2019, Ms. Zhang served as the assistant general manager of planning and finance department and the director of planning and analysis department of Industrial Securities.

Ms. Zhang obtained a master degree in accounting from Shanghai University of Finance and Economics in July 2008. She is also a certified public accountant and intermediate accountant of the PRC.