The board of directors of China Financial Leasing Group Limited announced that as Mr. Zhang wishes to focus on his other business commitment, Mr. Zhang has resigned as the Company's independent non-executive Director, member of audit committee ("Audit Committee") and nomination committee ("Nomination Committee"), and chairman of remuneration committee ("Remuneration Committee") with effect from 15 January 2021. The Board also announced that Mr. Wang Ruiyang ("Mr. Wang") has been appointed as the Company's member of Audit Committee and Nomination Committee, and chairman of Remuneration Committee with effect from 15 January 2021.