The board of directors of China Art Financial Holdings Limited announced that Ms. Lam Siu Mui has tendered her
resignation as the executive director of the Company with effect from 21 March 2022 as she would like to devote more time to her other business engagements. Ms. Lam has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that shall be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.