The Board of Directors of CSC Financial Co., Ltd. announced that non-executive director Ms. ZHANG Wei has tendered to the Board her resignation as a non-executive director of the Company and a chairperson of the Risk Management Committee of the Board and a member of the Remuneration and Nomination Committee of the Board due to her job re-arrangement. In accordance with laws and regulations including the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Rules for Governance of Securities Companies, and relevant requirements under the Articles of Association of CSC Financial Co., Ltd., the resignation of Ms. ZHANG will not result in the number of members of the Board falling below the statutory minimum number. The above resignation will become effective on April 11, 2023.