China Industrial Securities International Financial Group Limited announced that Mr. Cai Junzheng ("Mr. Cai") has tendered his resignation as an executive Director and the chief executive officer of the Company with effect from 18 January 2024 in order to devote more time and energy to his other business commitments. Recently, the position of the chief compliance officer and the position of the chief risk officer of the Company have been merged and renamed as the chief compliance and risk officer, Mr. Kwok Kei Chi ("Mr. Kwok"), (the currently chief risk officer of the Company) has taken up the position of chief compliance and risk officer of the Company with effect from 18 January 2024. Mr. Kwok, aged 53, joined the Group in 2011.

Mr. Kwok is currently the assistant chief executive officer of the Company and the general manager of the clientele department and, as well as a director of various subsidiaries of the Company. Mr. Kwok was appointed as a supervisor of Industrial Securities Consultancy Service (Shenzhen) Company Limited*, the subsidiary of Industrial Securities (Hong Kong) Financial Holdings Limited, the controlling shareholder of the Company (as defined in the Listing Rules) on 18 January 2024. Mr. Kwok has over 28 years of experience in the financial services industry.

From April 1996 to December 2011, he has successively served as management trainee, officer, manager and deputy head of the settlement department, and operation manager, head of China operations, and the general manager of operations of CASH Financial Services Group Limited; the chief operating officer of I-Access Investors Limited. From December 2011 to August 2021, he was the general manager of mainland business department of the Company and a director of various subsidiaries of the Company. Mr. Kwok obtained a bachelor degree in accounting from the University of Abertay (formerly known as Dundee Institute of Technology) in 1993 and a master degree in finance from the University of Strathclyde in 1995.