Shenwan Hongyuan : NOMINATION OF CANDIDATES FOR DIRECTORS OF THE FIFTH SESSION OF THE BOARD OF DIRECTORS AND NOMINATION OF CANDIDATES FOR SUPERVISORS OF THE FIFTH SESSION OF THE BOARD OF SUPERVISORS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6806)

NOMINATION OF CANDIDATES FOR DIRECTORS OF THE FIFTH SESSION OF THE BOARD OF DIRECTORS AND

NOMINATION OF CANDIDATES FOR SUPERVISORS OF THE FIFTH SESSION OF THE BOARD OF SUPERVISORS

NOMINATION OF CANDIDATES FOR DIRECTORS OF THE FIFTH SESSION OF THE BOARD OF DIRECTORS

Shenwan Hongyuan Group Co., Ltd. (the "Company") hereby announces that, in view of expiry of the term of office of the fourth session of the board of directors, the board of directors (the "Board of Directors") of the Company will proceed with the election of the new session of the Board of Directors in accordance with relevant provisions under the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guidance for Listed Companies on Establishment of Independent Directors System and the articles of association of the Company. After the consideration and approval by the Remuneration and Nomination Committee of the Company and after the consideration and approval of the Board of Directors of the Company, Mr. Chu Xiaoming, Mr. Yang Wenqing and Mr. Huang Hao have been nominated as candidates for executive directors of the fifth session of the Board of Directors, and Ms. Ge Rongrong, Mr. Ren Xiaotao, Mr. Zhang Yigang and Mr. Zhu Zhilong have been nominated as candidates for non-executive directors of the fifth session of the Board of Directors. Ms. Yeung Siuman Shirley, Mr. Wu Changqi, Mr. Chen Hanwen and Mr. Zhao Lei have been nominated as candidates for independent non-executive directors of the fifth session of the Board of Directors of the Company.

The appointment of the abovementioned candidates for directors will be subject to consideration and approval by shareholders at the 2020 annual general meeting (the "AGM") of the Company. The abovementioned candidates for directors will enter into a service contract with the Company to perform the duties as a director of the fifth session of the Board of Directors of the Company after their appointments are approved at the AGM of the Company, with the term of office expiring at the end of the fifth session of the Board of Directors.

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Pursuant to the articles of association of the Company, the abovementioned candidates for directors are eligible for re-election after their term of office expires. The remuneration of the abovementioned candidates for directors for acting as directors of the Company shall be determined in accordance with the relevant national policies and relevant rules and regulations of the Company, which will be disclosed in the annual report by the Company. Non-executive directors will not receive any remuneration from the Company for their directorships.

The biographical details of the candidates for directors required to be disclosed pursuant to Rule13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") are set out in appendix I to this announcement.

As of the date of this announcement, the candidates for directors have never received any punishment from the China Securities Regulatory Commission or other relevant authorities or any penalty from the stock exchanges. The candidates for independent non-executive directors have confirmed that they meet the independence criteria as set out in Rule 3.13 of the Listing Rules. Save as disclosed in this announcement, the candidates for directors confirm that they did not hold directorship in any listed company, the securities of which are listed on any securities market either in Hong Kong or overseas in the past three years; do not have any relationship with any director, supervisor, senior management, substantial shareholder of the Company or their respective subsidiaries, nor do they hold any position in the Company or any of its subsidiaries. They does not own any interest in the shares of the Company or its associated corporations (as defined in Part XV of the SFO); have no information that shall be disclosed pursuant to the requirements under Rules 13.51(2)(h) to (v) of the Listing Rules; nor have they participated in other matters that need to be brought to the attention of the shareholders of the Company.

NOMINATION OF CANDIDATES FOR SUPERVISORS OF THE FIFTH SESSION OF THE BOARD OF SUPERVISORS

The Company further announces that, in view of expiry of the term of office of the fourth session of the board of supervisors, the board of supervisors (the "Board of Supervisors") of the Company will proceed with the election of the new session of the Board of Supervisors after the consideration and approval of the Board of Supervisors of the Company, Mr. Xu Yiyang, Ms. Chen Yan and Mr. Jiang Yang have been nominated as candidates for supervisors of the fifth session of the Board of Supervisors.

The appointment of the abovementioned candidates for supervisors will subject to consideration and approval by shareholders of the Company at the AGM. Meanwhile, the trade union of the Company is proceeding with the election of employee representative supervisors of the fifth session of the Board of Supervisors. The elected employee representative supervisors and the supervisors elected at the AGM will jointly compose the fifth session of the Board of Supervisors of the Company.

The abovementioned candidates for supervisors will enter into a service contract with the Company to perform the duties as a supervisor of the fifth session of the Board of Supervisors of the Company after their appointments are approved at the AGM of the Company, with the term of office expiring at the end of the fifth session of the Board of Supervisors.

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Pursuant to the articles of association of the Company, the abovementioned candidates for supervisors are eligible for re-election after their term of office expires. The abovementioned candidates for supervisors will not receive any remuneration from the Company for serving as supervisors.

The biographical details of the candidates for supervisors required to be disclosed pursuant to Rule13.51(2) of the Listing Rules are set out in appendix II to this announcement.

As of the date of this announcement, the candidates for supervisors have never received any punishment from the China Securities Regulatory Commission or other relevant authorities or any penalty from the stock exchanges. Save as disclosed in this announcement, the candidates for supervisors confirm that they did not hold directorship in any listed company, the securities of which are listed on any securities market either in Hong Kong or overseas in the past three years; do not have any relationship with any director, supervisor, senior management, substantial shareholder of the Company or their respective subsidiaries, nor do they hold any position in the Company or any of its subsidiaries. They does not own any interest in the shares of the Company or its associated corporations (as defined in Part XV of the SFO); have no information that shall be disclosed pursuant to the requirements under Rules 13.51(2)(h) to (v) of the Listing Rules; nor have they participated in other matters that need to be brought to the attention of the shareholders of the Company.

The proposal regarding the proposed appointment of Ms. Yeung Siuman Shirley, Mr. Wu Changqi, Mr. Chen Hanwen and Mr. Zhao Lei as independent non-executive directors of the Company will be submitted to the general meeting of the Company for consideration and approval after Shenzhen Stock Exchange has no objection on the filing of the independent director candidates. The circular and notice of the AGM will be dispatched to the shareholders of the Company as soon as reasonably practicable.

By order of the Board

Shenwan Hongyuan Group Co., Ltd.

Chu Xiaoming

Chairman

Beijing, PRC

30 March 2021

As at the date of this announcement, the Board comprises Mr. Chu Xiaoming and Mr. Yang Wenqing as executive directors; Mr. Chen Jianmin, Mr. Wang Honggang, Ms. Ge Rongrong, Mr. Ren Xiaotao and Mr. Zhang Yigang as non-executive directors; Ms. Ye Mei, Mr. Xie Rong, Ms. Huang Danhan and Ms. Yeung Siuman Shirley as independent non-executive directors.

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Appendix I Biographical details of the candidates for directors

Mr. Chu Xiaoming, aged 59, currently serves as an executive director and the chairman of the Board of Shenwan Hongyuan Group Co., Ltd.. Mr. Chu successively held various positions at the Industrial and Commercial Bank of China from August 1984 to June 2002, including staff member, deputy chief section member of the business credit department, the principal and deputy head of the project appraisal office of the technology renovation and loan department, deputy head of the investigation and appraisal office of the technology renovation and loan department, head of the investigation and appraisal office of the fixed assets loan department, head of the infrastructure appraisal office of the valuation and consultancy department, the general manager of Yintong Investment Consulting Company Limited, and the researcher at the deputy general manager level of the banking asset risk management department successively. Mr. Chu worked at China National Offshore Oil Corporation ("CNOOC") from June 2002 to August 2010, successively held the positions of deputy general manager of CNOOC Finance Corporation Limited, executive deputy general manager, secretary of the Party Committee and general manager of Zhonghai Trust and

Investment Co., Ltd.; secretary of the Party Committee of Shenyin & Wanguo Securities Co., Ltd.*( 申銀萬國證券股份有限公司 ) from August 2010 to December 2014; general manager of

Shenyin & Wanguo Securities Co., Ltd. from October 2010 to January 2015; vice chairman of the board of directors of Shenyin & Wanguo Securities Co., Ltd. from December 2010 to February 2015; he also successively took the positions of vice chairman of the board of directors and general manager of Shenyin Wanguo (H.K.) Limited and vice chairman of the board of directors and general manager of Shenwan Hongyuan (International) Holdings Limited from December 2010 to March 2016; chairman of the board of directors of Shenyin Wanguo (H.K.) Limited, chairman of the board of directors of Shenwan Hongyuan (H.K.) Limited from December 2010 to March 2016 successively; vice chairman of the board of directors of SWS Research Co., Ltd. from March 2011 to December 2019; the secretary of the Party Committee of Shenwan Hongyuan Group Co., Ltd. and Shenwan Hongyuan Securities Co., Ltd. since December 2014 till now; the executive director and chairman of the board of directors of Shenwan Hongyuan Securities Co., Ltd. since January 2015 till now; the executive director and chairman of the Board of Shenwan Hongyuan Group Co., Ltd. since February 2015 till now; and the chairman of the board of Shenwan Hongyuan (International) Holdings Limited from March 2016 to September 2019. Mr. Chu obtained the bachelor's degree in economics from Central Institute of Finance and Banking* ( 中央財政金融 學院 , now known as Central University of Finance and Economics) in July 1984 and his MBA (International Curriculum) degree from the University of Hong Kong in December 2003.

Mr. Yang Wenqing, aged 58, currently serves as an executive director and the vice chairman of the Board of Shenwan Hongyuan Group Co., Ltd.. From September 1997 to March 2003, he successively served as department cadre of Executive Office of the China Development Bank and the office director of the business department. From April 2003 to June 2005, he served as member of the Party Committee, vice president and Secretary of Committee for Discipline Inspection of the Hainan Branch of the China Development Bank. From June 2005 to March 2008, he served as deputy director of the Party Committee Office and deputy director of the General Office of the China Development Bank. From March 2008 to December 2013, he served as Party Secretary and president of the Gansu Branch of the China Development Bank. From December 2013 to July 2015, he served as Minister of the CPC organization department and director general of Human Resources Department of the China Development Bank. From July 2015 to January 2019, he served as Secretary of Committee for Discipline Inspection and member of the Party Committee of the China

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Investment Corporation. Since March 2019 till now, he has served as executive director and the vice chairman of the Board of Shenwan Hongyuan Group Co., Ltd.. Mr. Yang obtained a bachelor's degree in economics from Shanxi University of Finance and Economics in July 1986 majoring in finance. Mr. Yang is a senior economist.

Mr. Huang Hao, aged 47, currently serves as the general manager of Shenwan Hongyuan Group Co., Ltd.. Mr. Huang Hao successively served as a director staff member, an assistant researcher and concurrently served as the Youth League secretary of the policy research division in the State Administration of Foreign Exchange from July 1999 to February 2005; successively served as the deputy director of the capital market department, the deputy director and division director of the equity management division of the China Development Bank of the general department, the managing director and deputy director of securities institution management department and the deputy director of the securities institution management department/insurance institution management department, the deputy director of the leading group office of the directly managed enterprise/equity management department II and the director of the general management department of Central Huijin Investment Ltd. from February 2005 to November 2020; served as a director of Guotai Junan Securities Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 601211, and a company listed on the Hong Kong Stock Exchange, stock code: 02611), from September 2005 to January 2013; served as a director of China Development Bank and a director of China Development Bank Capital Co., Ltd. from April 2012 to October 2017; and served as a non-executive director of China International Capital Corporation Limited (a company listed on the Shanghai Stock Exchange, stock code: 601995, and a company listed on the Hong Kong Stock Exchange, stock code: 03908), from February 2020 to December 2020. He has served as the general manager of Shenwan Hongyuan Group Co., Ltd. since December 2020.

Mr. Huang Hao graduated from Zhejiang University with a bachelor's degree in economics in July 1996; he graduated from Tsinghua University with a master's degree in management in May 1999; and he obtained a doctor's degree in economics from the Finance Research Institute of the People's Bank of China in July 2011. Mr. Huang is a senior economist.

Ms. Ge Rongrong, aged 53, currently serves as a non-executive director of Shenwan Hongyuan Group Co., Ltd.. Ms. Ge served as a staff member in the finance division of foreign trade and economic bureau in Huangshan City from July 1989 to August 1991; a lecturer for the School of Economics and Management in Beijing University of Technology from July 1994 to August 1998;

an associate research fellow in the research department of Dapeng Securities Company (Beijing)* ( 大鵬證券公司北京 ) from August 1998 to September 2001; director officer of the department of

public offering supervision of the CSRC from September 2001 to March 2005; senior manager and deputy head of the Department of China Construction Bank Shareholding Management of Central Huijin Investment Ltd. successively from March 2005 to September 2007; deputy officer and officer of China Construction Bank Shareholding Management Division of the Banking Department at Central Huijin Investment Ltd. successively from September 2007 to February 2011; employee supervisor of the board of supervisors of Central Huijin Investment Ltd. from September 2008 to November 2011; proposed director of the Banking Department at Central Huijin Investment Ltd. from February 2011 to January 2012; non-executive director of Industrial and Commercial Bank of China Limited from January 2012 to June 2017; division chief and director of Research Support Division of Banking Institutions Department I of Central Huijin Investment Ltd. successively from January 2013 to July 2017; deputy officer and managing director of Banking Institutions

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Department I of Central Huijin Investment Ltd. successively from June 2015 to December 2017; and an independent director of ICBC Credit Suisse Asset Management Co. Ltd. from March 2018 to June 2019. She has been a designated director of the office of the directly managed enterprises leading group/equity management department II of Central Huijin Investment Ltd. since March 2019 till now; a non-executive director of Shenwan Hongyuan Group Co., Ltd. since March 2019 till now; and a non-executive director of Shenwan Hongyuan Securities Co., Ltd. since June 2019 till now.

Ms. Ge Rongrong obtained a bachelor's degree in engineering from Zhejiang University in July 1989 majoring in materials science and engineering, a master's degree in economics from Beijing Normal University in June 1994 majoring in political economics and a doctorate degree in management from the School of Management of University of Science and Technology of China in December 2006. Ms. Ge is a senior economist.

Mr. Ren Xiaotao, aged 50, currently serves as a non-executive director of Shenwan Hongyuan Group Co., Ltd.. Mr. Ren served as a teacher of mathematics at Jian Ping High School in Shanghai from July 1994 to August 1999; actuarial analyst and actuarial manager of the finance department and actuarial senior manager of the actuarial department of China Pacific Insurance (Group) Co., Ltd. successively from July 2002 to September 2010; senior deputy manager of the non-banking division of Central Huijin Investment Ltd. from September 2010 to February 2012; senior deputy manager of the securities institution management division/insurance institution management division of Central Huijin Investment Ltd. from February 2012 to July 2014. He has been the division chief, senior deputy manager, senior manager and director of Insurance Institutions Equity Department II of the securities institution management division/insurance institution management division of Central Huijin Investment Ltd. from July 2014 to March 2019, and worked as the deputy general manager of the development and planning department of China Continent Property & Casualty Insurance Company Ltd. from February 2015 to August 2015; deputy general manager of the assets management department of China Continent Property & Casualty Insurance Company Ltd. and deputy general manager of China (Shanghai) Pilot Free Trade Zone Branch from September 2015 to December 2015. Mr. Ren has been a designated director of the office of the directly managed enterprises leading group/equity management department II of Central Huijin Investment Ltd. since March 2019 till now; a non-executive director of Shenwan Hongyuan Group Co., Ltd. since March 2019 till now; and non-executive director of Shenwan Hongyuan Securities Co., Ltd. since June 2019 till now.

Mr. Ren obtained a bachelor's degree in science from Northeast Normal University in June 1994, and a master's degree in economics from the Central University of Finance and Economics in June 2002 majoring in finance.

Mr. Zhang Yigang, aged 58, currently serves as a non-executive director of Shenwan Hongyuan Group Co., Ltd.. Mr. Zhang successively worked at the Diversified Operation Office of Yanting County Government, Sichuan Province, the Policy Research Office of the County Party Committee and the Office of the County Party Committee of Yanting County, Sichuan Province, and the Municipal Party Committee Office of Mianyang City, Sichuan Province from August 1983 to May 1998. He served as the secretary at deputy director general level and the secretary at director general level of the General Office of Sichuan Provincial Party Committee from May 1998 to December 2007 (during which, he concurrently served as the deputy general manager of Sichuan

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State-owned Assets Investment Management Co., Ltd. ( 四川省國有資產投資管理有限責任公

司 ) from December 2001 to January 2007). From December 2007 to March 2009, he served as a researcher of the office of the State-owned Assets Supervision and Administration Commission of Sichuan Province (during which he concurrently served as the chairman, the secretary of the Party committee and the secretary of the discipline inspection commission of Sichuan State-owned Assets Investment Management Co., Ltd. from January 2007 to March 2009). He successively served as the deputy general manager, a director and the deputy general manager; a member of the Party

committee, a director and the deputy general manager; the deputy secretary of the Party committee, a director and the deputy general manager of Sichuan Development Holding Co., Ltd. ( 四川發 展（控股）有限責任公司 ) from March 2009 to July 2019. He served as a director of Sichuan Shengtian New Energy Development Co., Ltd. ( 四川晟天新能源發展有限公司 ) from April 2015

to December 2018. From December 2015 to August 2019, he served as an executive director of Sichuan Development Guorui Mining Investment Co., Ltd. ( 四川發展國瑞礦業投資有限公司 ).

He has been the chairman of Sichuan Urban and Rural Construction Investment Co., Ltd. ( 四川 城鄉建設投資有限責任公司 ) since February 2015; he served as the deputy secretary of the Party

committee and a director of Sichuan Development Holding Co., Ltd. from July 2019 to June 2020. He has served as the deputy secretary of the Party committee, vice chairman and general manager of Sichuan Development Holding Co., Ltd. since June 2020 and a non-executive director of Shenwan Hongyuan Group Co., Ltd. since June 2020. Mr. Zhang graduated from Southwest Agricultural College (renamed as Southwest University in 2005), majoring in agriculture, with a bachelor's degree in agriculture in August 1983, and graduated from the University of Electronic Science and Technology of China, majoring in executive master of business administration, with a master's degree in business administration in June 2005.

Mr. Zhu Zhilong, aged 51, served as the financial supervisor of the Shanghai Geological and Mineral Engineering Investigation Institute ( 上海地礦工程勘察院 ) from July 1992 to July 1995;

as the deputy chief officer and accounting supervisor (section chief level) of the comprehensive

economic management division and deputy head of the planning and finance division of the Shanghai Bureau of Geology and Mineral Resources ( 上海市地質礦產局 ) from July 1995 to

August 2000; and as deputy head of the funding division (audit division), head of the audit division, director (head) of the supervision office (audit division) and deputy secretary of the commission

for discipline inspection of the Shanghai Municipal Housing and Land Resources Administration ( 上海市房屋土地資源管理局 ) from August 2000 to March 2009; from March 2009 to December

2015, he served as the director of the discipline inspection and supervision office, head of the audit division, director (head) of the discipline inspection office (audit division), deputy leader of the discipline inspection group, head of the planning and finance division, and head of the planning and finance division (audit division) of Shanghai Housing Security and Housing Administration Bureau; and from December 2015 to September 2020, he served as the head and first-level investigator

of the comprehensive planning division of the Shanghai Municipal Housing and Urban-Rural Construction Management Commission ( 上海市住房城鄉建設管理委 ); he has been the chief

financial officer of Shanghai Jiushi (Group) Co., Ltd. since September 2020.

Mr. Zhu Zhilong obtained a bachelor's degree in economics from Hebei Geo University majoring in accounting in July 1992, a master's degree in public management from East China Normal University majoring in public management in January 2005 and a master's degree in law from Shanghai Jiaotong University majoring in law in June 2010. Mr. Zhu is a senior economist.

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Ms. Yeung Siuman Shirley, aged 58, currently serves as an independent non-executive director of Shenwan Hongyuan Group Co., Ltd.. served as the person in charge of the international securities investment department of Verizon Investment Management Corp. from June 1993 to May 1997, the vice president of the capital market department of JP Morgan Chase & Co. from June 1997

to January 2000, and the head of China of PCCW VENTURES LIMITED, a venture capital fund under PCCW Limited ( 電訊盈科有限公司 ) from January 2000 to March 2003. She has served

as the chairwoman and founding managing partner of Dragonrise Capital Advisors (HK) Limited ( 龍騰資本有限公司 ) since October 2004, concurrently the chairwoman and founding managing partner of Suzhou Longrui Venture Capital Management Co., Ltd. ( 蘇州龍瑞創業投資管理有限

公司 ) since December 2009, and concurrently the chairwoman and founding managing partner of Nanjing Longjun Investment Management Co., Ltd. ( 南京龍駿投資管理有限公司 ) since April

2014. She has been an independent non-executive director of Shenwan Hongyuan Group Co., Ltd. since November 2020.

Ms. Yeung graduated from Beijing Foreign Studies University, majoring in international relations with a bachelor's degree in arts in July 1984, and graduated from Yale School of Management in the United States with an MBA degree in May 1993.

Mr. Wu Changqi, aged 66, served a researcher at the China Studies Center of the University of Leuven in Belgium from February 1990 to July 1991; and an assistant professor in economics of the Business School in Hong Kong University of Science and Technology from August 1991 to June 2001; he was a visiting scholar at Northwestern's Kellogg School of Management in the U.S. from August 1997 to January 1998; a visiting professor at the Department of Applied Economics of Katholieke Universiteit Leuven in Belgium from September 1998 to December 1998; the deputy director of the Shui On Center for China Business and Management of the Business School and an adjunct associate professor of the Department of Economics of the Hong Kong University of Science and Technology since from July 2001 to June 2004; he served as the head of the Department of Strategic Management of the Guanghua School of Management of Peking University from September 2001 to January 2011; the director of the EMBA Centre of the Guanghua School of Management of Peking University from August 2002 to December 2010; and the associate dean of the Guanghua School of Management of Peking University from February 2003 to December 2010; he served as an adjunct professor in the Department of Economics of the Business School of Hong Kong University of Science and Technology from 2005 to 2011; the dean of the National High- tech Industrial Development Zone Development Strategy Research Institute of Peking University from May 2007 to December 2020; the as director of Guanghua Cisco Leadership Institute of Peking University from March 2011 to December 2020; and a visiting professor at the School of Economics and Finance of the University of Hong Kong from 2012 to 2018; he has been a professor of strategic management at the Guanghua School of Management of Peking University since September 2001; the dean and chair professor of the School of Management of Shandong University since October 2019; the executive deputy head of the International Operation and Management Institute of Peking University since September 2006; and the executive deputy head of the National High-tech Industrial Development Zone Development Strategy Institute of Peking University since January 2021. he has concurrently served as the fifth executive vice chairman of the Chinese Institute of Business Administration since September 2014; an expert in the 14th Five-Year National Intellectual Property Planning Guidance Expert Group of the China National Intellectual Property Administration since August 2019; an expert member of the Expert Committee of the China Council for the Promotion of International Trade since February 2015; the chairman

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of the Strategic Management Professional Committee of the China Management Science Society since September 2016; and an executive director of the China International Economic Cooperation Society since November 2019. He served as an independent director of Beijing Electronics Zone Investment and Development Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 600658) from December 2012 to June 2019. He has been an external director of Haier Smart Home Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 600690, a company listed on the China Europe International Exchange AG, stock code: 690D, and a company listed on the Hong Kong Stock Exchange, stock code: 6690) since April 2013; an external supervisor of Hua Xia Bank Co., Limited (a company listed on the Shanghai Stock Exchange, stock code: 600015) since May 2015; an independent director of Yijiahe Technology Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 603666) since August 2016; an independent director of Aixin Life Insurance Co., Ltd. since July 2017; an independent non-executive director of Beijing Media Corporation Limited (a company listed on the Hong Kong Stock Exchange, stock code: 1000) since June 2016; and an independent director of Tianneng Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 688819) since February 2019.

Mr. Wu obtained a doctorate in applied economics from the University of Leuven in Belgium in October 1990; a master's degree in business administration (MBA) from the University of Leuven in Belgium in February 1986; and a bachelor's degree in economics from Shandong University in July 1982.

Mr. Chen Hanwen, aged 53, served as a teaching assistant, lecturer, and associate professor in the Accounting Department of Xiamen University from August 1990 to November 1999; a professor in the Accounting Department of the School of Management of Xiamen University from December 1999 to May 2015 (during which he served as a doctoral tutor of the Accounting Department of the School of Management of Xiamen University February 2001 to May 2015 and the director of the Accounting Department, the deputy dean of the School of Management, the deputy dean of the Graduate School, and the secretary general of the Academic Committee of Xiamen University from April 2004 to April 2015); He has been a professor and doctoral tutor of the Accounting Department of the School of International Business of the University of International Business and Economics since May 2015 (during which he has been a distinguished professor of Huiyuan of the University of International Business and Economics since May 2017 and a first-level professor at the International Business School of the University of International Business and Economics since January 2018). He has served as an independent director of Xiamen International Bank Co., Ltd. since May 2013; an independent director of Dalian Wanda Commercial Management Group Co., Ltd. since May 2017; an independent director of Shanghai Fuiou Payment Service Co., Ltd. since May 2017; an independent director of Beijing Tri-Prime Gene Pharmaceutical Co., Ltd. (a company listed on the National Equities Exchange and Quotations, stock code: 837344) since November 2018; an external supervisor of Bank of Communications Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 601328, and a company listed on the Hong Kong Stock Exchange, stock code: 03328) since June 2019; and an independent director of China Shenhua Energy Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 601088, and a company listed on the Hong Kong Stock Exchange, stock code: 01088) since May 2020.

Mr. Chen graduated from the Accounting Department of School of Economics of Xiamen University in July 1990 with a bachelor degree in auditing and from the Accounting Department of School of Economics of Xiamen University in August 1997 with a doctorate degree in economics.

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Mr. Zhao Lei, male, Han nationality, born in February 1974, is a member of the Communist Party of China and a professor. Mr. Zhao Lei was a lecturer and associate professor at the School of Civil and Commercial Law of Southwest University of Political Science and Law from July 2005 to February 2012; a post-doctoral researcher at the postdoctoral research station of the University of International Business and Economics (postdoctoral in International Commercial Law) from October 2007 to June 2010; the assistant to the president of the Second Civil Division of the First Intermediate People's Court of Chongqing Municipality from May 2009 to December 2009; a researcher (postdoctoral in finance) at Tehua Postdoctoral Programme from October 2011 to September 2013; and an editor and the head of the law subject of the Social Sciences in China Press from March 2012 to November 2016. He has been an executive member of the China Law Journal Research Association since August 2015; an executive member of the China Securities Law Research Association since May 2016; a part-time researcher of Wuhan University Institute of International Law, a national high-end think tank, since November 2016; an associate researcher and researcher (professor) at the Commercial Law Office in the Institute of Law of the Chinese Academy of Social Sciences since December 2016; an doctoral tutor of students in Civil and Commercial Law at Southwest University of Political Science and Law since September 2019; an executive member of the China Commercial Law Research Association, an external professor of Lanzhou University, and concurrently an expert member of the Commercial Trial Professional Committee of the China Trial Theory Research Association and an expert member of the Financial Trial Professional Committee since October 2019; and an executive member of the China Bank Law Research Association since November 2020. He also served as an independent director of Haohan Data Technology Co., Ltd. (a company listed on the National Equities Exchange and Quotations, stock code: 833175) from September 2016 to June 2020, and has been an independent director of Nanning Department Store Co. Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 600712) since April 2018 and an independent director of Shanghai Haohai Biological Technology Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 688366, and a company listed on the Hong Kong Stock Exchange, stock code: 06826) since June 2020.

Mr. Zhao graduated from the Law Department of Hebei University with a bachelor's degree in July 1999; graduated from Hebei Normal University with a master's degree in economic law in July 2004; and graduated from the Southwest University of Political Science and Law with a doctorate degree in civil and commercial law in July 2007.

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Appendix II Biographical details of the candidates for supervisors

Mr. Xu Yiyang, aged 57, worked at PetroChina Changqing Oilfield Company in Qingyang, Gansu Province from September 1980 to March 1983. He worked at Dagang Petroleum Administration Bureau from March 1983 to October 1998, and successively served as deputy secretary and secretary of the Communist Youth League at Well Drilling Corporation, deputy secretary and secretary of the Communist Youth League at Dagang Petroleum Administration Bureau, and deputy Party committee secretary, secretary of the discipline inspection committee and deputy director

at the Oil Refinery Plant. From October 1998 to April 2002, Mr. Xu served as Party committee secretary, director and general manager of Shanghai Ai Shi Co., Ltd.* ( 上海愛使股份有限公

司 ) (now known as Shanghai U9 Game Limited Liability Company.* ( 上海遊久遊戲股份有限公 司 ), a company listed on the Shanghai Stock Exchange, stock code: 600652). From April 2002 to

February 2004, he was a member of the Party committee and deputy general manager of Shanghai Securities Co., Ltd. From March 2004 to May 2010, he was a member of the Party committee, deputy general manager, a member of the management committee, secretary to the board of

directors and deputy chief of the leading group of emergency response to crisis of Shanghai Aijian Co., Ltd.* ( 上海愛建股份有限公司 ) (now known as Shanghai Aijian Group Co., Ltd.* ( 上海愛 建集團股份有限公司 ), a company listed on the Shanghai Stock Exchange, stock code: 600643).

He held concurrent posts successively as Party committee secretary, chairman of the board of

directors, chief of the leading group of emergency response to crisis, vice chairman of the board of directors and acting general manager of Shanghai Aijian Securities Co., Ltd.* ( 上海愛建證券有限

責任公司 ) from March 2004 to May 2010. From September 2004 to June 2010, he held concurrent

posts successively as the director and vice chairman of the board of directors of Shanghai Aijian Trust Investment Co., Ltd.* ( 上海愛建信託投資有限責任公司 ). From June 2010 to December

2014, he successively served as deputy Party committee secretary and secretary of the discipline inspection committee of Shenyin & Wanguo Securities Co., Ltd. (during which: he concurrently served as the vice chairman of the board of directors of Shenyin Wanguo (H.K.) Limited (now known as Shenwan Hongyuan (International) Holdings Limited) from December 2010 to January 2016; and as the chairman of Shenyin & Wanguo Investment Co., Ltd. from January 2011 to March 2016); since December 2014, Mr. Xu has been a member of the Party committee of Shenwan Hongyuan Group Co., Ltd. and Shenwan Hongyuan Securities Co., Ltd. Since January 2015, he has been chairman of the board of supervisors of Shenwan Hongyuan Securities Co., Ltd. (during which: he served as the secretary of the discipline inspection committee of Shenwan Hongyuan Group Co., Ltd. and Shenwan Hongyuan Securities Co., Ltd. from December 2014 to June 2020; and concurrently served as the chairman of the labor union of Shenwan Hongyuan Securities Co., Ltd. from June 2015 to July 2019, the chairman of the board of supervisors of SWS MU Fund Management Co., Ltd. from July 2015 to March 2016, the chairman of the board of supervisors of Shenwan Hongyuan (International) Holdings Limited from January 2016 to August 2019 and the principal of the Party school of Shenwan Hongyuan Securities Co., Ltd. from June 2017 to March 2019); He has been a supervisor and the chairman of the board of supervisors of Shenwan Hongyuan Group Co., Ltd. since October 2019. He has concurrently served as the principal of the Party school of Shenwan Hongyuan Group Co., Ltd. and Shenwan Hongyuan Securities Co., Ltd. since June 2020, a member of China Securities Industry Culture Construction Committee of the Securities Association of China since November, 2019 and the vice chairman of the Professional Committee of the Board of Supervisors of China Association for Public Companies since September, 2020.

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Mr. Xu graduated from Central TV University (Tianjin) in August 1985. In June 1997, he obtained the master degree in economics from the Department of International Economics of Nankai University. In June 2013, he obtained the EMBA degree from Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University. Mr. Xu is a qualified Senior Economist and Senior Political Official.

Ms. Chen Yan, aged 46, served as an employee of the Beijing Branch of the People's Insurance Company of China from August 1997 to February 2000; the editorial assistant and editor of the Economic Daily News Group from February 2000 to October 2007; the deputy director of the Corporate News Editorial Office, the assistant to the director of the chief editor office, and the director (deputy senior editor) of the chief editor office of the Special Issues Department of the Economic Daily from October 2007 to March 2012; the senior manager of the Comprehensive Management Department/Banking Institutions Department II of Central Huijin from March 2012 to July 2017 (during which she temporarily served as the vice president of Beijing Yuetan Sub-branch of China Construction Bank); and head of the Equity Management Division of Policy Financial Institutions of the Comprehensive Management Department/Banking Institutions Department II of Central Huijin from July 2017 to January 2020; She has been the head of the Policy Research Division of the Comprehensive Management Department of Central Huijin since January 2020.

Ms. Chen obtained a bachelor's degree in economics from the Central University of Finance and Economics majoring in international finance in July 1997; and obtained a master's degree in economics from Peking University majoring in finance in July 2004.

Mr. Jiang Yang, aged 43, was an employee of the retail service management headquarters of Hongyuan Securities Co., Ltd. from July 2001 to June 2010 (during which, he was temporarily transferred to the Financial Work Office of Xinjiang Uyghur Autonomous Region from October 2008 to June 2010). He served as the office director of Xinjiang Financial Investment Co., Ltd. from July 2010 to March 2013; the manager of the investment management department of Xinjiang Financial Investment Co., Ltd. from March 2013 to February 2014; an employee director of Xinjiang Kaidi Investment Co., Ltd. from June 2013 to March 2020; and the general manager assistant of Xinjiang Financial Investment Co., Ltd. and Xinjiang Kaidi Investment Co., Ltd. from February 2014 to November 2016. He has been a supervisor of Shenwan Hongyuan Securities Co., Ltd. since January 2015; a director of Xinjiang Exchange Market Investment and Construction Group Co., Ltd. since April 2015; and a director of Xinjiang Tianshan Wool Textile Co., Ltd. since August 2016; he served as the chairman of Xinjiang Tianshan Industrial Investment Fund Management Co., Ltd. from September 2016 to October 2018; and the investment director of Xinjiang Kaidi Investment Co., Ltd. from November 2016 to March 2018; He has been a director of Xinjiang Microfinance Refinance Co., Ltd. since March 2018; and served as the executive deputy general manager of Xinjiang Microfinance Refinance Co., Ltd. from March 2018 to June 2019. He has been the general manager of Xinjiang Microfinance Refinance Co., Ltd. since June 2019; the deputy general manager of Xinjiang Financial Investment Co., Ltd. since December 2019; a director and the deputy general manager of Xinjiang Kaidi Investment Co., Ltd. since March 2020; and a director of Xinjiang Kaidi Mineral Investment Co., Ltd. since March 2020.

Mr. Jiang Yang obtained a bachelor's degree in economics from Xinjiang University of Finance and Economics majoring in banking and currency in July 2001; and obtained an Executive Master of Business Administration from Xinjiang University of Finance and Economics in December 2014.

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