The board of directors of Shandong International Trust Co., Ltd. announced that, pursuant to the relevant provisions of applicable laws and regulations and the articles of association of the Company, Ms. Meng Rujing (? Ms. Meng ?) ceased to serve as an independent non-executive director of the Company, chairperson of the nomination and remuneration committee and a member of audit committee of the Board due to the expiry of her term of office. Her departure shall take effect upon the approval of the qualification of the new independent non-executive director of the Company by the Shandong Office of the National Financial Regulatory Administration.

Ms. Meng has confirmed that she has no disagreement with the Board, and there is no matter relating to her departure that should be brought to the attention of the shareholders of the Company (the ? Shareholders ?).