Dunxin Financial Holdings Limited announced that Effective October 24, 2023, Mr. Yuan Gao resigned from his position as the Chief Executive Officer of the Company (?CEO?) and Chairman of the Board (?Chairman?) for personal reasons. Mr. Gao will remain as a director of the Board. On October 24, 2023, the Board appointed Mr. Ai (Kosten) Mei as the new CEO and Chairman to fill the vacancy created by the resignation of Mr. Gao.

The biographical information of Mr. Ai (Kosten) Mei is set below. Mr. Mei served as the chief executive officer of Yoshan Investment Co. Ltd. from November 2015 to November 2019.

Between October 2009 to October 2015, Mr. Mei served as the chief executive officer of Hong Kong Duyuan Technology Development Co. Ltd. Mr. Mei received his bachelor?s degree in international financial and trade from Zhongnan University of Finance and Economics.