The board of directors of China Art Financial Holdings Limited announced that Fan Zhijun has stepped down from his role as Chief Executive Officer of the Company due to other work arrangement, with effect from April 14, 2021. Fan will remain as an Executive Director and Chairman of the Company. Upon Fan's resignation as the Chief Executive Officer, Tong Zaan San has been appointed as the Chief Executive Officer with effect from April 14, 2021. Tong has been an executive director of Zhonghan Yaxin Asset Management Co. Ltd. from September 2017 to July 2019. He also served as the chairman of China National Nuclear (Shenzhen) Energy Technology Co. Ltd. from January 2018 to August 2020.