The board of directors of China Financial Leasing Group Limited announced Dr. Lau Kin Shing, Charles has been appointed as the Company's independent non-executive Director, chairman of Nomination Committee, member of Remuneration Committee and Audit Committee with effect from 11 September 2023. Mr. Lam Wai Tsin has resigned as the Company's independent non-executive Director, chairman of Nomination Committee, member of Remuneration Committee and Audit Committee with effect from 11 September 2023. Mr. Chiu Tak Wai has been appointed as the Company's executive Director and member of investment committee of the Company with effect from 11 September 2023. Dr. Lau, aged 68, a professional accountant by training, holds a Doctorate degree in Business Administration from the Newcastle University of Australia, Master degree in Information System Management from the National University of Ireland, and a Bachelor degree in Accounting from the Curtin University of Technology, Australia. Dr. Lau is a Chartered Accountant (New Zealand), and also a member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. Dr. Lau possesses about 30-year executive experiences in corporate control, financial management, risk management and internal control gained from international listed companies. He had held key
corporate executive position in various conglomerates, including vice president of China Resources Beer (Holdings) Company Limited (formerly known as China Resources Enterprise Limited), deputy head of internal audit for Hutchison Whampoa Limited, and chief financial officer and company
secretary of Miramar Hotel and Investment Company Limited. Dr. Lau was also the chief financial officer of the Group, company secretary and authorised representative of Sitoy Group Holdings Ltd. Dr. Lau has been the independent non-executive director of KOS International Holdings Limited since 1 February 2021, a company whose shares are listed on GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), Zibuyu Group Ltd. (stock code: 2420) since 13 October 2022, a company whose shares are listed on main board of Stock Exchange. He is also an independent
director of Lingyi Itech (Guangdong) Company Limited (stock code: 002600.SZ), since June 2021, a company whose shares are listed on the Shenzhen Stock Exchange, as well as a non-executive director of Sitoy Group Holdings Ltd. since 1 August 2021, a company whose shares are listed on main board of Stock Exchange. Mr. Chiu, age 53, is currently the Chief Financial Officer of the Company. He obtained his bachelor of Social Sciences from University of Hong Kong in 1993. Mr. Chiu is also a charter holder of Chartered Financial Analyst since 2001. Mr. Chiu has over 29 years of experiences in the securities and financial industry, serving various roles as dealer, responsible officer in brokerage house and asset management firms. Save as disclosed above, Mr. Chiu does not hold any other positions with the Company or its subsidiaries, nor has he held any directorships in other listed public companies in the past three years. Dr. Lau does not have any relationships with other Directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Dr. Lau does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).