The board of directors of Da Yu Financial Holdings Limited announced the following changes of the Company. Mr. Li Chi Kong has tendered his resignation as a non-executive Director and the chairman of the Board with effect from 1 July 2021 due to his reaching a suitable age for full retirement and to be able to devote more time to his personal endeavours. Following the resignation of Mr. Li Chi Kong, he will also cease to be the chairman and member of the nomination committee of the Company (the "Nomination Committee"), a member of each of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee") and one of the authorised representatives of the Company (the "Authorised Representative") under rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 1 July 2021. Following the resignation of Mr. Li Chi Kong as the chairman of the Board, Mr. Kuo Jen-Hao, an existing non-executive Director, will be appointed as the chairman of the Board with effect from 1 July 2021. Following the cessation of Mr. Li Chi Kong as the chairman and member of the Nomination Committee, Mr. Suen Chi Wai, an existing independent non-executive Director and a member of the Nomination Committee will be appointed as the chairman of the Nomination Committee with effect from 1 July 2021. Following the cessation of Mr. Li Chi Kong as an Authorised Representative, Mr. Lee Hon Sang, the company secretary of the Company, will be appointed as one of the Authorised Representatives with effect from 1 July 2021.