The board of directors of China Vered Financial Holding Corporation Limited announced that the Board has resolved to appoint Ms. Li Lihong (``Ms. Li'') as the deputy chief executive officer of the Company. The appointment of Ms. Li will be effective upon the activation of her working visa approved by the Immigration Department of the Government of the Hong Kong Special Administrative Region. Ms. Li, aged 51, has over 28 years of experience in the financial industry.

Prior to joining the Group, she was employed by Ping An Bank Co. Ltd. and held various positions from October 2016 to January 2024, including deputy general manager of the retail risk management division and risk director of the private finance division, risk director of the real estate division and risk director of the investment banking division and from 29 March 2018 to 20 September 2021, Ms. Li was appointed as the non-executive director of LVGEM (China) Real Estate Investment Company Limited. Ms. Li holds a Bachelor's degree in International Accounting from the School of Economics of Xiamen University and an Executive Master of Business Administration degree from Nankai University.