Cinda International : CHANGE OF DIRECTORS, CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND AUTHORISED REPRESENTATIVE; CHANGE OF DATE OF AGM AND PROPOSED DATE OF PAYMENT OF FINAL DIVIDEND; AND CHANGE OF DATES OF CLOSURE OF REGISTER OF MEMBERS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock code: 111)

CHANGE OF DIRECTORS, CHAIRMAN OF

THE BOARD, CHIEF EXECUTIVE OFFICER AND

AUTHORISED REPRESENTATIVE;

CHANGE OF DATE OF AGM AND PROPOSED DATE OF

PAYMENT OF FINAL DIVIDEND;

AND

CHANGE OF DATES OF CLOSURE OF REGISTER

OF MEMBERS

The Board announces the following changes in the Board with effect from 26 April 2021:

1. Mr. Yu has resigned as an executive Director, the Chairman of the Board and the chairman of the Nomination Committee;
2. Mr. Gong has resigned as an executive Director, deputy Chairman of the Board, the chief executive officer of the Company and the Authorised Representative;
3. Ms. Zhu has been appointed as an executive Director, the Chairman of the Board and the chairman of the Nomination Committee; and
4. Mr. Zhang has been re-designated from a non-executive Director to an executive Director and appointed as the chief executive officer of the Company and the Authorised Representative.

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Also, further to the disclosure in the Announcement dated 4 March 2021, the forthcoming AGM is now expected to be held on 9 June 2021, and the expected date of payment of the final dividend would be on or around 9 July 2021 to the Shareholders as appeared on the Register of Members on 24 June 2021, instead of the original dates disclosed in the Announcement. The Register of Members will be closed from 22 June 2021 to 24 June 2021, both days inclusive. In order to qualify for the proposed final dividend, all transfer documents, accompanied by the relevant share certificates, must be lodged with the Company's Hong Kong branch share registrar, Tricor Secretaries Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration no later than 4:30 p.m. on 21 June 2021.

1. RESIGNATION OF EXECUTIVE DIRECTORS, CHAIRMAN, CHIEF EXECUTIVE OFFICER AND AUTHORISED REPRESENTATIVE
   The board (the "Board") of directors (the "Directors", and each a "Director") of Cinda International Holdings Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that:
2. 1. Mr. Yu Fan ("Mr. Yu") has resigned as an executive Director, the chairman (the "Chairman") of the Board and the chairman of the nomination committee of the Company (the "Nomination Committee"); and
   2. Mr. Gong Zhijian ("Mr. Gong") has resigned as an executive Director, deputy Chairman of the Board, the chief executive officer of the Company and the authorised representative of the Company (the "Authorised Representative") under the Rules Governing the Listing of Securities on the The Stock Exchange of Hong Kong Limited (the "Stock Exchange" and "Listing Rules" respectively),

both with effect from 26 April 2021 due to re-designation of work by China Cinda Group (defined as below).

Each of Mr. Yu and Mr. Gong has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company (the "Shareholders").

Mr. Yu was appointed as an executive Director, the Chairman of the Board and the chairman of the Nomination Committee on 30 October 2018. During his tenure of office, he provided significant guidelines on the Group's development strategy and led the Group to achieve good harvest in both operation and epidemic prevention amid social events and COVID-19 pandemic. Mr. Gong was appointed as an executive Director on 2 December 2008, and acted as deputy general manager, managing director and chief executive officer of the Company

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and deputy Chairman of the Board. He led the Group to operate in compliance and develop steadily, made substantial contribution to business transformation and development of the Group, which successfully becomes an investment bank institution with characteristic of distressed asset management, and brought remarkable results to the Group. The Board would like to take this opportunity to express its sincere gratitude to Mr. Yu and Mr. Gong for their valuable contribution to the Company during their tenure of office.

1. APPOINTMENT OF EXECUTIVE DIRECTOR AND CHAIRMAN
   The Board is pleased to announce that Ms. Zhu Ruimin ("Ms. Zhu") has been appointed as an executive Director, the Chairman of the Board and the chairman of the Nomination Committee with effect from 26 April 2021.
   The biographical details of Ms. Zhu are as follows:
   Ms. Zhu, aged 50, is currently the secretary of the party committee, a director and the general manager of Cinda Securities Co., Ltd. ("Cinda Securities", the controlling shareholder (as defined in the Listing Rules) of the Company and a 87.42% non-wholly owned subsidiary of China Cinda Asset Management Co., Ltd. ("China Cinda", a joint stock company incorporated in the People's Republic of China (the "PRC") with limited liability, the shares of which are listed on the Stock Exchange (stock code: 1359), together with its associates, "China Cinda Group") and the chairman of First State Cinda Fund Management Co., Ltd..
   Ms. Zhu graduated from the Renmin University of China with a doctoral degree in business administration in January 2009. She also holds the professional title of Senior Accountant. Ms. Zhu has substantial experience in management of securities companies. Ms. Zhu served as the general manager of the financial department, the assistant to the general manager and deputy general manager in Dongxing Securities Co., Ltd. (a joint stock company incorporated in the PRC with limited liability, the shares of which are listed on the Shanghai Stock Exchange (stock code: 601198)) successively from April 2007 to April 2012. Ms. Zhu also served as chief financial officer of China Galaxy Securities Co., Ltd. (a joint stock company incorporated in the PRC with limited liability, the H shares of which are listed on the Stock Exchange (stock code: 6881) and the A shares of which are listed on the Shanghai Stock Exchange (stock code: 601881)) from April 2012 to April 2019. Ms. Zhu joined Cinda Securities since July 2019.
   Ms. Zhu has signed a letter of appointment with the Company with a fixed term of three years. Pursuant to the bye-laws of the Company, Ms. Zhu is subject to retirement and re-election at the forthcoming annual general meeting of the Company (the "AGM"). Ms. Zhu will not receive any director's fee and/or remuneration pursuant to her letter of appointment.

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Save as disclosed above, Ms. Zhu neither holds any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years, nor holds any other position with the Company and other members of the Group.

As at the date of this announcement, save as disclosed above, Ms. Zhu does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company (as defined in the Listing Rules) and she does not have, and is not deemed to have, any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

There is no information relating to Ms. Zhu that is required to be disclosed pursuant to Rules 13.51(2) (h) to (v) of the Listing Rules. Save as disclosed above, there is no other matter in relation to her appointment that needs to be brought to the attention of the Stock Exchange and the Shareholders.

1. RE-DESIGNATIONOF DIRECTOR AND APPOINTMENT OF CHIEF EXECUTIVE OFFICER AND AUTHORISED REPRESENTATIVE
   The Board is pleased to announce that Mr. Zhang Yi ("Mr. Zhang"), an existing non-executive Director, has been re-designated as an executive Director and appointed as the chief executive officer of the Company and the Authorised Representative in place of Mr. Gong, with effect from 26 April 2021.
   The biographical details of Mr. Zhang are as follows:
   Mr. Zhang, aged 42, was appointed as a non-executive Director since 31 March 2020 prior to his re-designation. He is currently the general manager of finance planning department of Cinda Securities.
   Mr. Zhang graduated from Tsinghua University with a bachelor degree in international accounting in July 2001. He is a Chartered Financial Analyst and a Financial Risk Manager. Mr. Zhang has substantial experience in operation management of securities companies. He worked as a vice president of risk management department and executive director of firm office/operation support department of China International Capital Corporation Limited (a joint stock company incorporated in the PRC with limited liability, the share of which are listed on the Stock Exchange (stock code: 3908)) from July 2001 to September 2016; a deputy general manager of Sinodata Co., Ltd. (a joint-stock company incorporated in the PRC with limited liability, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 002657)) from January 2017 to October 2018; and the chairman of Shanghai Baichuan Jinzhi Intelligent Technology Co., Ltd. (a company incorporated in the PRC with limited liability) from October 2018 to June 2019 respectively.

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Upon his re-designation, Mr. Zhang has entered into a service agreement with the Company with a fixed term of three years. Mr. Zhang will not receive any director's fee and/or remuneration as an executive Director but is entitled to a salary of HK$62,500 per month and housing allowance of HK$40,000 per month for his position as the chief executive officer of the Company, subject to his obtaining of working visa in Hong Kong, and an annual management bonus of a sum to be determined by the remuneration committee of the Company at its absolute discretion having regard to the operating results of the Group and his performance.

Save as disclosed above, Mr. Zhang neither holds any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years, nor holds any other position with the Company and other members of the Group.

As at the date of this announcement, save as disclosed above, Mr. Zhang does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company (as defined in the Listing Rules) and he does not have, and is not deemed to have, any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the SFO.

There is no information relating to Mr. Zhang that is required to be disclosed pursuant to Rules 13.51(2) (h) to (v) of the Listing Rules. Save as disclosed above, there is no other matter in relation to his appointment that needs to be brought to the attention of the Stock Exchange and the Shareholders.

1. CHANGE OF DATE OF AGM AND PROPOSED DATE OF PAYMENT OF FINAL DIVIDEND
   Reference is made to the announcement of the Company dated 4 March 2021 (the "Announcement") in relation to, among other things, the proposed distribution of final dividend of HK$0.03 per ordinary share for the year ended 31 December 2020 subject to the final approval at the forthcoming AGM.
   The Company wishes to announce that, further to the Announcement, the forthcoming AGM is now expected to be held on 9 June 2021, and the expected date of payment of the final dividend would be on or around 9 July 2021 to the Shareholders as appeared on the register of members of the Company (the "Register of Members") on 24 June 2021, instead of the original dates disclosed in the Announcement.

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1. CHANGE OF DATES OF CLOSURE OF REGISTER OF MEMBERS
   Also as disclosed in the Announcement, for determining the entitlement to the proposed final dividend for the year ended 31 December 2020, the Register of Members was originally scheduled to be closed from 2 June 2021 to 4 June 2021, both days inclusive. In light of the changes as disclosed in item (4) above, the Company hereby announces that the dates of closure of the Register of Members will be revised and be closed from 22 June 2021 to 24 June 2021 instead, both days inclusive, during which period no transfer of shares will be registered.
   In order to qualify for the proposed final dividend, all transfer documents, accompanied by the relevant share certificates, must be lodged with the Company's Hong Kong branch share registrar, Tricor Secretaries Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration no later than 4:30 p.m. on 21 June 2021.
   Shareholders and potential investors shall pay attention to the notice of AGM to be published on the exact date of the forthcoming AGM and any further announcement in relation to the relevant dates of the distribution of final dividend.

By Order of the Board

Cinda International Holdings Limited

Lau Mun Chung

Executive Director

Hong Kong, 26 April 2021

As at the date hereof, the Board comprises:

Website: http://www.cinda.com.hk

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