The board of directors of China Fortune Financial Group Limited announced that Mr. XIE Zhichun (Mr. Xie) has been appointed as an executive Director, the chairman of the Board and a member of the remuneration committee of the company in place of Mr. WONG Kam Choi MH (Mr. Wong) with effect from 6 January 2017. Mr. Xie has extensive experience in banking, securities and investment fields. Mr. Xie is currently the vice chairman of the consultation committee of Shenzhen Qianhai Shekou Free Trade Zone and Qianhai Shenzhen Hong Kong Cooperation Zone. Mr. Xie currently serves as a non-executive director of Elife Holdings Limited and an independent non-executive director of each of China Taiping Insurance Holdings Company Limited and China Minsheng Banking Corp. Ltd. The Board further announced that Mr. Wong resigned as an executive Director, the chairman of the Board and a member of the Remuneration Committee with effect from 6 January 2017 due to his other business commitment.