The board of directors of China Industrial Securities International Financial Group Limited announced that Ms. Zhang Chunjuan (Ms. Zhang) has tendered her resignation as a chief financial officer of the Company due to her work arrangement with immediate effect. Ms. Zhang has confirmed that she has no disagreement with the Board and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announces that Mr. Wang Li has been appointed as a chief financial officer of the Company with immediate effect.

Mr. Wang, aged 43, joined the Company in 2020. He was the financial controller of TZ (Taizhong) Hong Kong International Limited, the director of the treasury department of Fosun International Limited and the head of finance department of Fosun Hani Securities Limited. Mr. Wang was the head of finance department and is currently the head of board office of the Company, as well as the head of planning and finance department of Industrial Securities (Hong Kong) Financial Holdings Limited, which is the controlling shareholder of the Company (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

Mr. Wang obtained a bachelor degree in accounting from the Macquarie University in Australia and a master degree in finance from the University of Sydney.