Infinity Financial : Change in Directors or of Important Executive Functions or Responsibilities

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(Incorporated in Bermuda with limited liability)

(Stock Code: 1152)

CHANGE OF DIRECTORS

The Board would like to announce that with effect from 22 January 2018:

• (1) Mr. Yu Xueming has resigned as executive director and the chairman of the Company;

• (2) Mr. Yu Chuanfu has resigned as executive director and the chief executive officer of the Company;

• (3) Mr. Zheng Qiang has resigned as executive director of the Company; and

• (4) Mr. Chan Chung Shu has been appointed as executive director of the Company.

CHANGE OF DIRECTORS

Resignation of executive directors

The board (the ''Board'') of directors of Infinity Financial Group (Holdings) Limited (the ''Company'') would like to announce that with effect from 22 January 2018 (i) Mr. Yu Xueming has resigned as executive director and the chairman of the Company; (ii) Mr. Yu Chuanfu has resigned as executive director and the chief executive officer of the Company and member of the remuneration committee; and (iii) Mr. Zheng Qiang have resigned as executive director of the Company. Each of Mr. Yu Xueming, Mr. Yu Chuanfu and Mr. Zheng Qiang resigned from the Company to attend to their other business interests.

Mr. Yu Xueming, Mr. Yu Chuanfu and Mr. Zheng Qiang confirmed that there is no disagreement with the Board and there is no matter relating to their resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to express its gratitude to Mr. Yu Xueming, Mr. Yu Chuanfu and Mr. Zheng Qiang for their services to the Company.

Appointment of executive director

The Board is also pleased to announce that with effect from 22 January 2018, Mr. Chan Chung Shu has been appointed as executive director of and chairman of the Company.

Mr. Chan Chung Shu (''Mr. Chan'') aged 27, is an executive director and the chairman of the Company. Mr. Chan had been a director of 海南正和實業集團股份有限公司 (Hainan Zhenghe Industrial Group Co. Ltd.*) (the name of which was changed to 洲際油氣股份有限公司 (Geo-Jade Petroleum Corporation*) in 2014), being a company listed on Shanghai Stock Exchange (stock code: 600759) from June to December 2013.

Mr. Chan has entered into a letter of appointment with the Company pursuant to which his initial term of service shall commence from 22 January 2018. Mr. Chan shall be entitled to receive a director's fee of HK$780,000 per year which was determined by the Board by reference to the duties and responsibilities undertaken by him as a director of the Company. In accordance with the bye-laws of the Company, Mr. Chan will hold office until the next general meeting of the Company and will then be eligible for re-election; thereafter he will be subject to retirement by rotation at least once every three years at the annual general meetings of the Company since his last re-election.

As at the date of this announcement, Triumph Hope Limited, a company incorporated in British Virgin Islands with limited liability holds a long position in 501,330,000 shares and a short position in 501,210,000 shares, representing approximately 51.05% and 51.04% of the total issued share capital of the Company respectively. Under Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ''SFO''), Mr. Chan, as the sole shareholder and director of Triumph Hope Limited, is deemed to be interested in the 501,330,000 shares in long position and 501,210,000 shares in short position held by Triumph Hope Limited.

Save as disclosed above, as at the date of this announcement, Mr. Chan (i) does not currently hold any other position with the Company and its subsidiaries, (ii) does not have any relationship with any other Directors, senior management, or substantial or controlling shareholders of the Company, (iii) has not held any other directorship in any public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years immediately preceding the date of his appointment, and (iv) does not have any other interest in any shares, underlying shares and debentures of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, there is no information relating to Mr. Chan to be disclosed pursuant to any of the requirements under Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and there are no other matters relating to the appointment of him as director of the Company that need to be brought to the attention of the shareholders of the Company.

The Board would like to welcome Mr. Chan to the Board.

By Order of the Board

Infinity Financial Group (Holdings) Limited

Chan King Keung

Company Secretary

Hong Kong, 22 January 2018

As at the date of this announcement, the Board comprises two executive directors, namely, Mr. Chan Chung Shu (chairman) and Mr. Ng Hoi; and three independent non-executive directors, namely, Mr. Ho Man, Mr. Yeh Tung Ming and Mr. Zhang Hua.

All terms marked with asterisk ''*'' are for identification purposes only.