The Board of Youth Champ Financial Group Holdings Limited announced the following changes with effect from 2 July 2021: Mr. He Luling has tendered his resignation as a non-executive Director, the Chairman of the Board, the chairman of the Nomination committee, a member of the Audit Committee and the Remuneration Committee and the Authorized Representative; Mr. Xu Yanfa, an independent non-executive Director, has been appointed as the Chairman of the Board and the chairman of the Nomination Committee; Mr. Yip Hoi Chung has been appointed as a non-executive Director, the Vice Chairman of the Board and a member of each of the Nomination Committee, the Audit Committee and the Remuneration Committee; and Ms. Chan Mei Yan, an Executive Director, has been appointed as the Authorized Representative. Mr. Xu has been appointed as an independent non-executive Director since 16 June 2017. He also serves as a member of each of the Nomination Committee, the Audit Committee and the Remuneration Committee. Mr. Xu has over 30 years of experience in pharmaceutical industry. Mr. Yip, aged 46, has more than 20 years of experience in securities and fund industry. In 2013, Mr. Yip was invited by an Asian family office to join its fund management company. Since then, he has been in the fund industry and is currently the Chief Business Development Officer of INV Partners Limited. From 2006 to 2013, Mr. Yip served as a Sales Director of the securities investment department of DBS Bank, managing DBS Vickers Securities Hong Kong Limited and DBS Vickers Securities Online (HK) Limited (acquired from Toronto-Dominion Bank, previous name as TD Waterhouse Investor Services (Hong Kong) Limited), and hence attained comprehensive experience in global investment services and online securities. Following the resignation of Mr. He as the Authorized Representative, Ms. Chan Mei Yan, the executive Director, has been appointed as the Authorized Representative with effect from 2 July 2021.