The board of directors of Zhongyuan Bank Co., Ltd. announced that Mr. Hao Jingtao has resigned as an executive Director, the executive vice president, and a member of the Strategy and Development Committee, the Related Party Transactions Control Committee, the Risk Management Committee and the Executive Committee of the Bank with effect from January 20, 2018 due to adjustment of his work arrangement within the Bank. On January 20, 2018, the Board proposed to appoint each of Mr. Li Yulin and Mr. Wei Jie as an executive Director, and Mr. Mi Hongjun as a non-executive Director of the second session of the Board. The Proposed Appointment is subject to the approval by the Shareholders at the forthcoming extraordinary general meeting. Mr. Li Yulin has been the vice president of the Bank since October 2016 and the chairman of the board of directors of Henan ZhongYuan Consumer Finance Corp., Ltd. Mr. Wei Jie has been an assistant to the president of the Bank since December 2014. Mr. Wei's primary work experience prior to joining the Bank includes serving as the chairperson and the secretary to the party committee of Shangqiu Bank from December 2009 to December 2014, the chief, the deputy secretary and the secretary to the party committee, and the director and the general manager of Shangqiu City Credit Union Co., Ltd. Mr. Mi Hongjun is the director of finance of China Minsheng Investment Group and has served successively as the chairman of the board of directors, chairman of the nomination committee and an executive director of China Minsheng Drawin Technology Group Limited.