On August 26, 2021, Ms. Michelle Ye Li resigned from her position as a director of the Board of Directors a member and the chairperson of the Audit Committee and the Compensation Committee and a member of the Nominating and Corporate Governance Committee of Dunxin Financial Holdings Limited effective immediately. Ms. Li’s decision to resign was due to personal reasons and did not arise or result from any disagreement with the Board or the company on any matter relating to the company’s operations, policies or practices. To fill the vacancy created by Ms. Li’s resignation until the company’s next general meeting called for the election of directors, the Board appointed Mr. Qi Chen to serve as a director on the Board, a member and the chairperson of the Audit Committee and the Compensation Committee and a member of the Nominating and Corporate Governance Committee, effective immediately. Mr. Qi Chen has served as a senior manager of Baker Tilly China Certified Public Accountants since March 2019, primarily responsible for organizing and leading the project implementation and project process management, and providing consultation services about internal control and risk management systems. Since Mr. Chen’s joining Baker Tilly China Certified Public Accountants in December 2016, he consecutively served as a consultant of Enterprise Management Consulting Division from December 2016 to September 2017 and a senior consultant from September 2017 to March 2019, primarily responsible for evaluating the internal control systems of and providing risk and financial management consulting services for more than 30 enterprises.