Non-executive Director

Mr. Wang Cheng

(Chairman)

Mr. Wang Cheng, aged 40, has been acting as Chairman of the Board and a non-executive Director of the Company from 8 November 2024. He is also a member of the Nomination Committee and the Risk Management Committee. Mr. Wang has extensive experience in areas including corporate management, opportunistic investments and operation of non-performing assets. Mr. Wang had served as the deputy general manager of Asset Preservation Department II of China CITIC Financial AMC from February 2023 to January 2025. Mr. Wang has been the deputy general manager (spearheading business operations since December 2023) of CFAIH since May 2023, and promoted to general manager in February 2025. Mr. Wang was the general manager of the audit department (office of the supervisory board), the general manager of the opportunistic investments department and the assistant to the general manager of Huarong Rongde Asset Management Co., Ltd., a wholly-owned subsidiary of China CITIC Financial AMC, from July 2016 to February 2023, and has worked in the legal affairs department and office of the supervisory board and the office of China CITIC Financial AMC from June 2010 to July 2016 successively. Mr. Wang obtained a bachelor’s degree in law from China University of Political Science and Law in 2006 and a master’s degree in law from Peking University in 2008, with extensive legal knowledge.

Mr. Wang is currently a non-executive director of Qianhai Ark Asset Management and a non-executive director of Beijing Energy International Holding Co., Ltd. (HKEx: 686).

Ms. Tan Jieyu

Ms. Tan Jieyu, aged 40, has been acting as a non-executive Director of the Company from 16 December 2024. Ms. Tan has extensive experience in human resources management. From August 2011 to June 2024, Ms. Tan served successively as deputy senior manager, senior manager and division head of the human resources department of China CITIC Financial AMC. She has been the general manager and head of the corporate governance and human resources department of CFAIH since June 2024. Prior to joining China CITIC Financial AMC, Ms. Tan worked as the head of human resources of Huahang Property Company Limited under China Aerospace Science & Industry Corporation from August 2008 to July 2011. Ms. Tan graduated from Renmin University of China with a bachelor’s degree in Management in 2008 and obtained a master’s degree in Finance from Queen’s University in 2021, and she has extensive knowledge in human resources management and finance.

Executive Directors

Mr. Chen Qinghua

(Chief Executive Officer)

Mr. Chen Qinghua, aged 46, has been acting as an executive Director and Chief Executive Officer of the Company from 17 June 2022. He is also the Chairman of the Executive Committee and a member of the Risk Management Committee and the Sustainable Development Committee. Currently, he also serves as a director of each of XinKong Securities, XinKong Asset Management and XinKong Capital, which are wholly-owned subsidiaries of the Company. Mr. Chen has extensive experience in the governance, asset management, risk management and legal affairs of listed companies in Hong Kong. He has been the deputy general manager of CFAIH since December 2020, and had concurrently served as general manager of the asset protection department and general manager of the domestic business department. He was also a director of CFAIH from June 2022 to June 2023. Mr. Chen joined HRIV as deputy general manager in December 2016, overseeing the company’s asset management department, M&A financing department, direct investment department and capital markets department. From 9 December 2019 to 31 December 2020, he also served as an executive director of HRIV. Prior to that, Mr. Chen worked with China Development Bank Financial Leasing Co., Ltd. from May 2008 to December 2016 successively as general manager of the legal department, general manager of risk management department, office director and director of the board office. Mr. Chen graduated from Zhongnan University of Economics and Law in 2001 with a bachelor’s degree in law and obtained an EMBA degree from Peking University’s Guanghua School of Management in 2017.

Mr. Lu Xinzheng

Mr. Lu Xinzheng, aged 44, has been acting as an executive Director of the Company from 17 June 2022. He is also a member of the Executive Committee, the Risk Management Committee and the Sustainable Development Committee (with effect from 31 March 2024). Mr. Lu has extensive business experience in asset management, securities transaction, special opportunity investment and risk control. He joined the Group in October 2019 and is currently the deputy chief executive officer of the Company. Currently, he is also a director of each of XinKong Securities, XinKong Asset Management and XinKong Capital and Huarong International Fixed Income Fund SPC, which are wholly-owned subsidiaries of the Company. Prior to joining the Group, Mr. Lu served as a director and head of the board office of CFAIH from July to October 2019, and successively as the general manager of the business management department and administration management department and the risk director of Huarong Rongde (Hong Kong) Investment Management Company Limited (a wholly-owned subsidiary of CFAIH) from January 2017 to July 2019. He was deputy district governor of Pingchuan District, Baiyin City, Gansu Province from January 2015 to December 2016. He also served as a deputy manager, manager and senior deputy manager of the audit department of China CITIC Financial AMC from June 2009 to December 2014. Mr. Lu graduated from Shanghai University of Finance and Economics and University of International Business and Economics with a bachelor’s degree in law, bachelor’s degree in management and master’s degree in law, and also possesses the professional legal qualification in China, all of which bring with him expertise in the financial, legal and fiscal sectors.

Independent Non-executive Directors

Mr. Hung Ka Hai Clement

Mr. Hung Ka Hai Clement, aged 69, has been acting as an independent non-executive Director of the Company from 13 December 2019. He is also the chairman of each of the Audit Committee and the Nomination Committee as well as a member of the Remuneration Committee. He obtained a bachelor of arts degree from the University of Huddersfield (now known as University of Lincoln), United Kingdom in 1980. Mr. Hung had served Deloitte China for 31 years where he had assumed various leadership roles before serving as chairman of Deloitte China from 2014 to 2016. He retired from Deloitte China with effect from June 2016. While working with Deloitte China, Mr. Hung assumed various leadership roles, including the managing partner of Deloitte Shenzhen office and Guangzhou office. He was also a member of the China management team of Deloitte China. Mr. Hung was head of audit of South China and deputy managing partner of South China (including Hong Kong, Macau, Shenzhen, Guangzhou, Xiamen and Changsha). He was also a board member of Deloitte Global.

Mr. Hung served as the consultant of the Guangzhou Institute of Certified Public Accountants from 2004 to 2014. During the period between 2006 to 2011, he also served as a member of the Political Consultative Committee of Luohu District, Shenzhen. After his retirement as the chairman of Deloitte China, he was appointed as an expert consultant of the MOF in the PRC. Mr. Hung is a life member of The Institute of Chartered Accountants in England and Wales.

Mr. Hung is currently an independent non-executive director of each of Starjoy Wellness and Travel Company Limited (formerly known as Aoyuan Healthy Life Group Company Limited (HKEx: 3662)), China East Education Holdings Limited (HKEx: 667), Skyworth Group Limited (HKEx: 751), USPACE Technology Group Limited (formerly known as Hong Kong Aerospace Technology Group Limited (HKEx: 1725)) and Capital Estate Limited (HKEx: 193). Mr Hung also currently acts as an independent supervisor of the Supervisory Committee of Ping An Insurance (Group) Company of China, Ltd., the shares of which is listed on the Stock Exchange (HKEx: 2318) and the Shanghai Stock Exchange (stock code: 601318). Mr. Hung was an independent non-executive director of each of SY Holdings Group Limited (formerly known as Sheng Ye Capital Limited) (HKEx: 6069, the listing of the shares of which has been transferred to the Main Board from the GEM of the Stock Exchange (HKEx: 8469) with effect from 24 October 2019) from 19 June 2017 to 15 July 2022, Tong Tong AI Social Group Limited (formerly known as Gome Finance Technology Co., Ltd. (HKEx: 628)) from 31 October 2016 to 12 December 2023 and JX Energy Ltd. (HKEx: 3395) from 1 August 2023 to 24 December 2024, and was a non-executive director of High Fashion International Limited (HKEx: 608) from 1 December 2017 to 1 January 2025.

Mr. Ma Lishan

Mr. Ma Lishan, aged 73, has been acting as an independent non-executive Director of the Company from 19 August 2016. He is also the chairman of the Risk Management Committee and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Ma has extensive experience in operation and management of modern large-scale corporations and listed companies. Mr. Ma graduated from Beijing Foreign Studies University in the PRC in 1975. He served in various positions such as chairman, executive director, general manager in certain large-scale joint ventures under China Oil & Foodstuff Corporation. From January 1996 to June 2003, Mr. Ma served as an executive director of China Foods Limited (HKEx: 506). From May 1997 to June 2003, Mr. Ma served as an executive director and the managing director of China Foods Limited. From June 2000 to June 2003, Mr. Ma served as the vice president of China Oil & Foodstuff Corporation.

Mr. Ma is currently an independent non-executive director of each of Sunac China Holdings Limited (HKEx: 1918) and DIT Group Limited (formerly known as China Minsheng DIT Group Limited (HKEx: 726)). From 6 March 2008 to 30 December 2021, Mr. Ma was an independent non-executive director of Silver Base Group Holdings Limited (former HKEX stock code: 886, delisted on 4 December 2023) and was re-designated as a non-executive director of the company on 30 December 2021 and subsequently resigned on 30 June 2023. He was also an independent non-executive director of SRE Group Limited (former HKEX stock code: 1207, delisted on 20 February 2025) from 31 March 2016 to 13 February 2025.

Mr. Guan Huanfei

Mr. Guan Huanfei, aged 67, has been acting as an independent non-executive Director of the Company from 23 May 2017. He is also the chairman of the Remuneration Committee and the Sustainable Development Committee (with effect from 31 March 2024), and a member of each of the Audit Committee and the Nomination Committee. Mr. Guan has extensive experiences in the finance and insurance industry in Hong Kong and the PRC. He served various senior managerial positions in the People’s Insurance Company of China (Jilin Branch), Hong Kong and Macao Regional Office of China Insurance Group, Ming An Insurance Company (Hong Kong) Limited and China Pacific Insurance Co., (HK) Ltd. Mr. Guan also held offices at the Bank of Communications, including the deputy chairman of the risk asset management committee, deputy chairman of the credit asset management committee, chairman of the loan verification committee, deputy general manager of the Bank of Communications Hong Kong Branch, the director of Bank of Communications Trustee Limited, the chairman and chief executive of China BOCOM Insurance Co., Ltd. and an executive director and general manager of BoCommLife Insurance Company Limited. Mr. Guan is also an economic and technical consultant of Jilin Provincial Government.

Mr. Guan is currently an independent non-executive director of Shandong Hi-Speed Holdings Group Limited (formerly known as China Shandong Hi-Speed Financial Group Limited, HKEx: 412), China Nonferrous Mining Corporation Limited (HKEx: 1258), Sunwah Kingsway Capital Holdings Limited (HKEx: 188), DevGreat Group Limited (formerly known as Shanghai Zendai Property Limited (HKEx: 755)), Guangdong-Hong Kong Greater Bay Area Holdings Limited (HKEx: 1396). Mr. Guan has been appointed as an independent non-executive director of CMB Wing Lung Insurance Company Limited since 1 December 2017.

Mr. Guan has been a part-time researcher of the Insurance Research Centre of Fudan University since 2004 and has also been appointed as a part-time lecturer of professional degree of the university since 2013. Mr. Guan has been appointed as a visiting professor of Jilin University of Finance and Economics since September 2019. Mr. Guan has been appointed as an off-campus postgraduate tutor of the University of International Business and Economics since September 2022. Mr. Guan obtained a doctoral degree in Economics in 2000 from Wuhan University and was a postdoctoral researcher in Theoretical Economics with Fudan University from 2000 to 2002.