The boardof directors of Hanhua Financial Holding Co., Ltd. announced that Mr. Cao Ziwei an independent non-executive director of the fourth session of the Board, intends to resign as a director due to his personal work schedule, Mr. Cao will also cease to be the chairman of the Nomination and Remuneration Committee of the Company ("Nomination and Remuneration Committee"). His resignation will take effect from the date on which a new director is elected at the 2023 annual general meeting of the Company. Until then, Mr. Cao will continue to perform his duties as an independent non-executive Director and the chairman of the Nomination and Remuneration Committee.