The board of directors of Cinda International Holdings Limited announced that Mr. Yu Fan (Mr. Yu) has been appointed as an executive Director, the chairman of the Board and the chairman of the nomination committee (the Nomination Committee) of the Company with effect from 30 October 2018. Mr. Yu is currently a director and the chief executive officer of Cinda Securities Co. Ltd. (Cinda Securities), the chairman of the board of First State Cinda Fund Management Co. Ltd. and the chairman of the board of Shanghai Cinda Guoxin Equity Investment Management Co. Ltd. respectively. Mr. Yu holds the professional title of Senior Economist. Mr. Gong Zhijian (Mr. Gong) ceased to act as the acting Chairman and the chairman of the Nomination Committee and Mr. Gong has been appointed as a deputy chairman (the Deputy Chairman) of the Board with effect from 30 October 2018 due to enhancing the duties of managing Director, aligning to the new arrangement of the Board. Mr. Gong was appointed as an executive Director, the managing Director and the acting Chairman on 2 December 2008, 19 January 2015 and 29 November 2016 respectively.