Holly Futures Co., Ltd. at its EGM held on November 15, 2019 announced that Mr. Jiang Lin has been appointed as a non-executive Director with effect from the date of this announcement. Mr. Jiang was the director of the research office of the Nanjing Food Packaging Machinery Research Institute from July 1988 to April 1998. He joined Jiangsu Holly Corporation in April 1998 and served as deputy director of the general manager office, deputy manager of securities department, manager of securities department, manager of human resources department, secretary to the board and deputy general manager. He has been an executive deputy general manager of Jiangsu Holly Corporation since August 2019. He also acts as chairman of Jiangsu Holly International Engineering Co., Ltd. and Jiangsu Holly Environmental Technology Industrial Co., Ltd. Mr. Jiang was a director of Jiangsu Soho Finance Leasing Co., Ltd., Jiangsu Hong Rui Growth Venture Investment Co., Ltd., Jiangsu Holly Yongchang (Hong Kong) Co., Ltd. and Jiangsu Hong Rui New Era Venture Investment Co., Ltd. and a director and general manager of Jiangsu Hongrui Venture Capital Co., Ltd. The company also announced that Mr. Huang Dechung has been appointed as an independent non-executive Director with effect from the date of this announcement. Mr. Huang taught and conducted research at Jiangsu Vocational College of Finance and Economics from August 1989 to December 2000, engaged in collaborative research work at Huatai Securities Research Institute from July 2001 to September 2001, served as deputy director of Economic and Trade Commission of Suqian, Jiangsu (temporary post) from July 2002 to July 2004, and has served as a professor and a mentor for doctoral students at Hehai University since 2004.