On August 8, 2019, Mr. H. David Sherman submitted his resignation from his position as the independent director of Dunxin Financial Holdings Limited. Mr. Sherman confirmed that his resignation is for personal reasons and does not involve any disagreements with the company. Following the resignation, the company will need to fill the vacancy created by the resignation of Mr. Sherman including the position of chair of the audit committee of the board of directors of the company along with other positions on the other committees of the Board.