The Board of Directors of Momentum Financial Holdings Limited (the ‘Company’, collectively with its subsidiaries, the ‘Group'’) announced that Mr. Chan Chung Shu has resigned as the chairman of the Board and executive Director with effect from 2 July 2019 due to his decision to devote more time to his other commitments and engagements. The Board announced that Mr. Ho Man has resigned as an independent non-executive Director, the chairman of the audit committee of the Company, a member of the remuneration committee of the Company and the nomination committee of the Company with effect from 2 July 2019 in pursuit of his personal career development. The Board further announced that Mr. Liu Xin Chen has been appointed as an executive Director with effect from 2 July 2019. Mr. Liu was an engineer. The Board further announced that Mr. Wong Lap Wai has been appointed as an independent non-executive Director, chairman of the Audit Committee, a member of the Remuneration Committee and the Nomination Committee with effect from 2 July 2019. Mr. Wong has over 20 years of experience in the banking industry in Hong Kong and is a senior financial practitioner.