The Board of Huarong Investment Stock Corporation Limited announced that the Board has established the risk management committee of the company with effect from 13 April 2017. The Risk Management Committee shall consist of not less than three members, one of whom shall be an independent non-executive Director. The Board has appointed Mr. Qin Ling, Mr. Xu Xiaowu and Mr. Wu Tak Lung as the members of the Risk Management Committee. Mr. Qin Ling has also been appointed as the chairman of the Risk Management Committee. The Board announced that Mr. Tian Ren Can has tendered his resignation as an executive Director, in order to devote more of his time to his other business endeavours, with effect from 13 April 2017. Mr. Tian confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the Shareholders or the Stock Exchange. The Board announced that Mr. Kwan Wai Ming ceased to be a member of the remuneration committee of the company and Mr. Xu be appointed as a member of the Remuneration Committee with effect from 13 April 2017.