The Board of Zhejiang Yongan Rongtong Holdings Co., Ltd. announces that Mr. Ma Jinsong will resign as a non-executive Director and the Deputy Chairman with effect from the date of the EGM as he need to devote more time on his other engagements. The Board proposes to appoint Mr. Xia Zhenbo as a non-executive Director. Pursuant to the Articles, such appointment will only become effective after obtaining the approval of the Shareholders at the EGM. The Board announces that Mr. Zhu Weizhou will resign as an independent non- executive Director due to his personal development with effect from the date of the EGM. The Board proposes to appoint Mr. Zhang Jianyong () (formerly named Zhang Jianyong as an independent non-executive Director. Pursuant to the Articles, such appointment will only become effective after obtaining approval of the Shareholders at the EGM.