Cai Lvshui, Xia Jinliang and Sun Zheng were appointed board directors of Industrial Securities Co. Ltd.

Sun was appointed an independent director.

The three replace Su Baotong, Zheng Sufen and Chen Jieping on the board. Su resigned due to change of work arrangement, while Zheng tendered her resignation due to age reasons. Chen's term as an independent director expires following six years in the position.