The board of directors of Youth Champ Financial Group Holdings Limited announced that Mr. Wang Kaizhen has tendered his resignation as an executive Director and the chairman of the investment committee of the company with effect from 31 July 2020 due to his desire to devote more time to his other business commitments. The Board announced that Ms. Chan Mei Yan, currently an executive Director and a member of the Investment Committee, has been appointed as the chairlady of the Investment Committee with effect from 31 July 2020.