On August 17, the board of directors of CITIC Financial Asset Management Co., Ltd. announced that, following a board meeting review and approval, He Jinsong has been nominated as an executive director and chairman of the company. He Jinsong's term as executive director will commence after shareholder approval and regulatory clearance from the National Financial Regulatory Administration, lasting three years with eligibility for re-election upon term completion. Upon regulatory approval, his tenure as chairman will align with his directorship term. Per the company's articles of association, during his chairmanship, He Jinsong will also serve as the head of the board's strategic development committee.

The board's nomination and remuneration committee confirmed that He Jinsong satisfies the qualifications for executive director under applicable laws, regulations, and the company's articles of association. He Jinsong, aged 57, is a senior economist who earned bachelor's and master's degrees in economics from the Agricultural Economics Department and the School of Finance at Southwestern University of Finance and Economics. Prior to joining CITIC Bank, he worked at Sichuan Rural Trust and Investment Corporation. From October 1997 to May 2013, he held various positions at CITIC Bank's Chengdu branch, including deputy head (managing) and head of Dongchenggen Street Sub-branch, general manager of the branch's corporate banking department, and party committee member, assistant president, and vice president of the branch. From May 2013 to January 2015, he served as general manager of the legal recovery department at CITIC Bank. Between January 2015 and July 2018, he successively acted as party committee secretary of the Chengdu branch and then as its party committee secretary and president. From July 2018 to July 2022, he was party committee secretary and president of the Shanghai branch. In July 2022, he assumed the roles of party committee secretary and president of the Beijing branch. From April 2024 to July 2026, he served as a party committee member of CITIC Bank and later as vice president, concurrently holding the Beijing branch leadership positions.

Apart from the disclosures in this announcement, He Jinsong has confirmed no affiliations with the company's directors, senior management, major shareholders, or controlling shareholders. He holds no interests in the company's shares as defined by Hong Kong's Securities and Futures Ordinance, has no information requiring disclosure under Hong Kong listing rules, and has not been involved in any matters previously requiring such disclosure. Over the past three years, he has not held directorships in other listed companies nor any other positions within the group, and there are no other matters requiring shareholder attention. His compensation will be determined according to relevant regulations, including base salary, performance-based pay, term incentive income, employee benefits, social insurance, housing fund, and enterprise annuity. The compensation plan will be reviewed through proper procedures and submitted for shareholder approval, with specific figures detailed in the company's annual report. A circular containing full details of the proposed director election resolution, along with the shareholder meeting notice, will be published in due course. This article is compiled from public information and does not constitute investment advice; please verify before use.