The Board of Directors of Dah Sing Financial Holdings Limited announced that Mr. Paul Franz Winkelmann will be appointed as an Independent Non-Executive Director and a member of the Audit Committee of the Company with effect from 25 May 2019. Mr. Winkelmann, aged 63, joined PricewaterhouseCoopers ("PwC") in 1984 and was admitted to partnership in 1990 to become a member of the first group of partners to set up PwC's financial services practice in Hong Kong. He specialized in the audits of financial institutions, both local and international. He was partner-in-charge of PwC's risk and compliance matters for Greater China for 14 years up to June 2014. He was also the leader of PwC's Greater China Risk and Quality function overseeing auditing and ethical standards within PwC. In 2001, he joined the governance Board of Partners of PwC in Hong Kong and subsequently was appointed to the Management Board of PwC China and Hong Kong. Following his retirement from PwC Hong Kong in June 2014, Mr. Winkelmann was engaged as a senior advisor of PwC in Hong Kong on risk and quality matters during the period from 1 July 2014 to 31 December 2015. After serving as directors of the Company for more than 10 years, Mr. Seiji Nakamura ("M Nakamuara") and Mr. John Wai-Wai Chow ("Mr. Chow") wish to devote more time to their oth commitments and did not offer themselves for re-election upon retirement by rotation accordance with the Articles of Association of the Company at the annual general meeting of t Company held on 24 May 2019 ("AGM"). Following the retirement of Mr. Nakamura, he also ceased to act as a member of the Audit Committee and the Nomination and Remuneration Committee of the Company with effect from the conclusion of the AGM. With effect from 25 May 2019, Mr. Winkelmann will be appointed as a member of the Audit Committee of the Company and Mr. Andrew Kwan-Yuen Leung, an Independent Non-Executive Director, will be appointed as a member of the Nomination and Remuneration Committee of the Company.