Quanzhou Huixin Micro-credit Co., Ltd. announces that Mr. Zhang Lihe (), Mr. Lin Jianguo () and Mr. Sun Leland Li Hsun () retired as independent non-executive Directors immediately upon conclusion of the AGM. Each of the Retirement Directors has confirmed that he has no disagreement with the Board and there is no other matter relating to his retirement from office that needs to be brought to the attention of the Shareholders or the Stock Exchange. As ordinary resolutions numbered 10(g), 10(h) and 10(i) were duly passed by the Shareholders at the AGM, Mr. Zheng Wenjian (), Mr. Yang Dong () and Mr. Yang Zhanghua () were appointed as independent non-executive Directors immediately upon conclusion of the AGM.

The biographies of Mr. Zheng Wenjian, Mr. Yang Dong and Mr. Yang Zhanghua and other relevant information required to be disclosed under Rule 13.51(2) of the Listing Rules are set out in the Circular. As at the date of this announcement, there is no other change to the biographies of Mr. Zheng Wenjian, Mr. Yang Dong and Mr. Yang Zhanghua as set out in the Circular. The Company will enter into service contract with each of Mr. Zheng Wenjian, Mr. Yang Dong and Mr. Yang Zhanghua for an initial term of three years commencing from the date of the AGM.

Each of them will be entitled to a remuneration of HKD 100,000 per annum, which is determined by the Board with reference to their duties and responsibilities, the prevailing market conditions and the recommendation from the remuneration committee of the Company (the ``Remuneration Committee'').