The board of directors of China Vered Financial Holding Corporation Limited announced that with effect from 29 August 2023, Mr. Tan Zhenyu has resigned as an executive Director, the chairman of the Board and the chairman of the nomination committee of the Company; Ms. Lin Le has been appointed as an executive Director, chairperson of the Board and the chairperson of the Nomination Committee; Ms. Du Lina has been appointed as an executive Director; and Ms. Lin will replace Mr. Tan as the authorised representative of the Company. The Board announced that with effect from 29 August 2023, Mr. Tan has resigned as an executive Director, the chairman of the Board and the chairman of the Nomination Committee due to his personal reasons. Ms. Lin, aged 42, has been serving as the chairman of the board of Kunlun Health Insurance Co.

Ltd. since March 2019. Prior to this, Ms. Lin worked at Ping An of China Securities (Hong Kong) Company Limited from March 2016 to April 2017, with her last position held as executive director, chief executive officer and general manager. She also worked at China Minsheng Banking Corp.

Ltd. Guangzhou Branch from July 2002 to December 2015. Ms. Du, aged 34, has served as the chief financial officer of Beijing Yingzhongxianghe Group Company Limited since July 2019. Prior to that, she worked as the chief financial officer of Beijing Eighty One Investment Co.

Ltd.from March 2014 to June 2019. Ms. Du obtained a bachelor's degree in business administration from Pace University in May 2011. As a result of Mr. Tan's resignation, Ms. Lin will be appointed as the chairperson of the Nomination Committee, with effect from 29 August 2023.