China Cinda Asset Management Co., Ltd. announced Mr. TANG Jiang, a non-executive director of the Company, passed away on March 26, 2023 due to sudden illness. Mr. TANG became a member of the Board of the Company (the "Board") in September 2022. The Board would like to express its gratitude to Mr. TANG for his contributions to the Company during his tenure.

Following the passing away of Mr. TANG, the current number of directors of the Company has decreased from thirteen to twelve. Save as disclosed, there is no change to the compositions of the Board and the Board committees of the Company.