China CITIC Financial Asset Management Co., Ltd. (CITIC FAMC, 02799) has announced a series of senior personnel changes following a Board meeting held on 29 April 2026.

1. Board Resolutions • Executive Director: The Board proposes the re-election of President Li Zimin, 54, as an Executive Director for a new three-year term. Li will continue to sit on the Strategy and Development Committee and the Risk Management Committee. • Non-Executive Director: Chen Zihao, 54, currently Vice President of China Insurance Investment Co., Ltd., is nominated as a Non-Executive Director. His appointment is subject to shareholder approval and qualification clearance by the National Financial Regulatory Administration (NFRA). • Chief Compliance Officer: Liu Zeyun, 54, Vice President and Chief Risk Officer of the Company since November 2025, is appointed Chief Compliance Officer. His tenure begins upon NFRA approval.

2. Candidate Profiles • Li Zimin is a senior economist with more than 30 years’ experience across CITIC Trust, CITIC Tourism Group and listed entities CITIC Limited and Bank of China Limited. He holds a doctorate in management from the University of Chinese Academy of Sciences. • Chen Zihao is an economist with over two decades in financial regulation at the People’s Bank of China and the former China Banking and Insurance Regulatory Commission. He holds a master’s degree from the PLA Institute of International Relations. • Liu Zeyun, an economist with a doctorate in economics, has held multiple senior roles at China CITIC Bank and its affiliates, including executive director of CITIC FAMC International Holdings.

3. Remuneration Li Zimin’s remuneration will comprise basic salary, performance-linked pay and related benefits, subject to shareholder approval. Chen Zihao will not receive remuneration from CITIC FAMC in his non-executive capacity.

4. Next Steps A circular detailing the proposed director elections and the upcoming shareholders’ meeting will be issued in due course. All appointments requiring regulatory clearance will take effect upon NFRA approval.

As of 29 April 2026, CITIC FAMC’s Board consists of two Executive Directors, three Non-Executive Directors and three Independent Non-Executive Directors.