NFRA approves Liu Zeyun as China CITIC Financial AMC's chief risk officer

China CITIC Financial Asset Management Co., Ltd. (the "Company") has received approval from the National Financial Regulatory Administration (NFRA) for Liu Zeyun to serve as its chief risk officer. The approval follows the company's December 6, 2024, announcement regarding the board's decision to appoint Liu Zeyun. His term as chief risk officer officially commences on November 3, 2025, and will continue until a new appointment or dismissal by the board.

Liu Zeyun, 54, is an economist with a distinguished career in finance, primarily within CITIC Bank and its affiliated entities. His extensive experience includes leadership roles such as deputy general manager and general manager of various departments, including international settlement, international business, and asset custody. Most recently, from January 2024 to July 2025, he served as the secretary of the party committee and executive director of China CITIC Financial AMC International Holdings Limited.

Since July 2024, Liu has held the position of assistant to the president of China CITIC Financial Asset Management Co., Ltd., and since October 2025, he has also been a member of the party committee. Liu holds a doctorate in economics from the Chinese Academy of Fiscal Sciences. His long-standing tenure and diverse experience across different financial functions position him to effectively manage the company's risk profile.