Mr. Wang Cheng, aged 40, has been acting as Chairman of the Board and a non-executive Director of the Company from 8 November 2024. He is also a member of the Nomination Committee and the Risk Management Committee. Mr. Wang has extensive experience in areas including corporate management, opportunistic investments and operation of non-performing assets. Mr. Wang had served as the deputy general manager of Asset Preservation Department II of China CITIC Financial AMC from February 2023 to January 2025. Mr. Wang has been the deputy general manager (spearheading business operations since December 2023) of CFAIH since May 2023, and promoted to general manager in February 2025. Mr. Wang was the general manager of the audit department (office of the supervisory board), the general manager of the opportunistic investments department and the assistant to the general manager of Huarong Rongde Asset Management Co., Ltd., a wholly-owned subsidiary of China CITIC Financial AMC, from July 2016 to February 2023, and has worked in the legal affairs department and office of the supervisory board and the office of China CITIC Financial AMC from June 2010 to July 2016 successively. Mr. Wang obtained a bachelor’s degree in law from China University of Political Science and Law in 2006 and a master’s degree in law from Peking University in 2008, with extensive legal knowledge. Mr. Wang is currently a non-executive director of Qianhai Ark Asset Management and a non-executive director of Beijing Energy International Holding Co., Ltd. (HKEx: 686).

Ms. Tan Jieyu, aged 40, has been acting as a non-executive Director of the Company from 16 December 2024. Ms. Tan has extensive experience in human resources management. From August 2011 to June 2024, Ms. Tan served successively as deputy senior manager, senior manager and division head of the human resources department of China CITIC Financial AMC. She has been the general manager and head of the corporate governance and human resources department of CFAIH since June 2024. Prior to joining China CITIC Financial AMC, Ms. Tan worked as the head of human resources of Huahang Property Company Limited under China Aerospace Science & Industry Corporation from August 2008 to July 2011. Ms. Tan graduated from Renmin University of China with a bachelor’s degree in Management in 2008 and obtained a master’s degree in Finance from Queen’s University in 2021, and she has extensive knowledge in human resources management and finance.

Mr. Chen Qinghua, aged 46, has been acting as an executive Director and Chief Executive Officer of the Company from 17 June 2022. He is also the Chairman of the Executive Committee and a member of the Risk Management Committee and the Sustainable Development Committee. Currently, he also serves as a director of each of XinKong Securities, XinKong Asset Management and XinKong Capital, which are wholly-owned subsidiaries of the Company. Mr. Chen has extensive experience in the governance, asset management, risk management and legal affairs of listed companies in Hong Kong. He has been the deputy general manager of CFAIH since December 2020, and had concurrently served as general manager of the asset protection department and general manager of the domestic business department. He was also a director of CFAIH from June 2022 to June 2023. Mr. Chen joined HRIV as deputy general manager in December 2016, overseeing the company’s asset management department, M&A financing department, direct investment department and capital markets department. From 9 December 2019 to 31 December 2020, he also served as an executive director of HRIV. Prior to that, Mr. Chen worked with China Development Bank Financial Leasing Co., Ltd. from May 2008 to December 2016 successively as general manager of the legal department, general manager of risk management department, office director and director of the board office. Mr. Chen graduated from Zhongnan University of Economics and Law in 2001 with a bachelor’s degree in law and obtained an EMBA degree from Peking University’s Guanghua School of Management in 2017.

Mr. Lu Xinzheng, aged 44, has been acting as an executive Director of the Company from 17 June 2022. He is also a member of the Executive Committee, the Risk Management Committee and the Sustainable Development Committee (with effect from 31 March 2024). Mr. Lu has extensive business experience in asset management, securities transaction, special opportunity investment and risk control. He joined the Group in October 2019 and is currently the deputy chief executive officer of the Company. Currently, he is also a director of each of XinKong Securities, XinKong Asset Management and XinKong Capital and Huarong International Fixed Income Fund SPC, which are wholly-owned subsidiaries of the Company. Prior to joining the Group, Mr. Lu served as a director and head of the board office of CFAIH from July to October 2019, and successively as the general manager of the business management department and administration management department and the risk director of Huarong Rongde (Hong Kong) Investment Management Company Limited (a wholly-owned subsidiary of CFAIH) from January 2017 to July 2019. He was deputy district governor of Pingchuan District, Baiyin City, Gansu Province from January 2015 to December 2016. He also served as a deputy manager, manager and senior deputy manager of the audit department of China CITIC Financial AMC from June 2009 to December 2014. Mr. Lu graduated from Shanghai University of Finance and Economics and University of International Business and Economics with a bachelor’s degree in law, bachelor’s degree in management and master’s degree in law, and also possesses the professional legal qualification in China, all of which bring with him expertise in the financial, legal and fiscal sectors.

Mr. Sun Yili, aged 47, was appointed as the deputy chief executive officer of the Company on 20 January 2025. Mr. Sun possesses extensive experience in management of non-performing assets, risk control and financial advisory. Mr. Sun held various positions, including senior manager at CFAIH, deputy general manager of asset operation department VII, deputy general manager of risk management department, business review department and M&A finance department at HRIV, and deputy general manager of asset operation department V at China Huarong Overseas Investment Holdings Co., Limited. He also served as senior manager and co-director of Asian Capital (Corporate Finance) Limited, and as assistant to the president at CCB International (Holdings) Limited. Mr. Sun obtained a bachelor’s degree in Economics from Peking University, a master degree in Arts and a master degree in Business Administration from the University of Hong Kong.