Shandong International Trust Co., Ltd. elected Mr. Zheng Wei as an independent non-executive director of the Company at the EGM and as a member of the board of directors of the Company. Mr. Ding Huiping ceased to serve as an independent non-executive director of the Company and the chairperson of the audit committee
and the related party transaction control committee due to the expiry of his term of
office following the approval of Mr. Zheng ' s qualification by the Shandong Office of
CBIRC.