The board of directors of China Shandong Hi-Speed Financial Group Limited announced that Mr. Zhu Jianbiao, vice chairman of the Board, has been re-designated from a non-executive Director to an executive Director with effect from 6 May 2022. Mr. Zhu, aged 47, was appointed as a non-executive Director, the vice chairman of the Board, a member and the chairman of the strategic development committee of the Company and a member of the executive committee of the Company (the "Executive Committee") on 28 July 2021. The Board hereby further announced that Ms. Liao Jianrong has been appointed as an executive Director with effect from 6 May 2022.

Ms. Liao was an executive director of Future World Holdings Limited, a company listed on the Main Board of the Stock Exchange, from February 2022 to April 2022. She was an executive Director of the Company from May 2019 to May 2020. The Board also announces that Ms. Liao has been appointed as a member of the Executive Committee with effect from 6 May 2022.