The board of directors of Everbright Grand China Assets Limited announced that Mr. Li Yinzhong and Ms. Tse Hang have resigned as non-executive Directors with effect from 26 August 2021 due to work adjustment. Mr. Li also ceased to be a member of the audit committee of the company. The Board announced that Ms. Wang Yun and Mr. Zhuang Minrong have been appointed as non-executive Directors with effect from 26 August 2021. Ms. Wang Yun, is experienced in accounting, auditing and financing. Ms. Wang has been a director of Capital Century Company Limited, a controlling shareholder of the Company, since August 2021. Ms. Wang has been the chairman of the Financial & Accounting Affairs Steering Committee of the Hong Kong Chinese Enterprises Association since December 2019. Mr. Zhuang Minrong, is experienced in banking, finance and risk management. From December 2014 to April 2021, Mr. Zhuang worked as the general manager of the risk management department and credit approval department at the Bank. He has been the assistant general manager of the risk management, internal control and compliance department at CE Hong Kong, a controlling shareholder of the Company, since May 2021. Mr. Zhuang has been a director of Capital Century Company Limited, a controlling shareholder of the Company, since August 2021.