Cinda International Holdings Limited announced that Mr. Zhang Xunyuan has been appointed as the Chief Executive Officer with effect from 13 March 2023 and Mr. Zhang Yi, has been re-designated from the position of the Chief Executive Officer to the Chairman. The biographical details of Mr. Zhang Xunyuan are as follows: Mr. Zhang Xunyuan, aged 41, is currently the general manager of division IV of the investment banking of Cinda Securities. Mr. Zhang Xunyuan graduated from Beijing Institute of Technology with a bachelor's degree in Engineering in June 2004, he received his master's degree in Economics from Southwestern University of Finance and Economics, China in March 2009, and received his doctorate degree in Economics from the same university in June 2013 respectively.

Mr. Zhang Xunyuan has extensive practical experience in investment banking. Mr. Zhang Xunyuan was the general manager of the bond financing headquarter of Zhongshan Securities Co. Ltd. from June 2014 to September 2014; the general manager of the bond financing headquarter, the head of the innovative financing department, and the assistant to the president and the general manager of the bond financing department of Guangzhou Securities Company Limited ("GZ Securities", the controlling shareholder of GZHS, and it has been renamed as CITIC Securities South China Company Limited after being acquired by CITIC Securities Company Limited in 2020) from February 2015 to December 2019.

Mr. Zhang joined Cinda Securities since December 2019 and he was the general manager of the securities brokerage division of Cinda Securities, and he was also a director of Guangzhou GZHS Market Research Company Limited since August 2015.