Wai Hung Group Holdings Limited announced the removal of Chief Financial Officer of the company. Since the engagement of the Independent Forensic Accountant to carry out the Independent Investigation in July 2022, Mr. Kennedy Li had not cooperated with the Independent Forensic Accountant and refused to attend any interview for the purpose of the Independent Investigation, and as such, his duties and responsibilities had been suspended since 1 June 2023. In light of the findings of the Investigation Report, the Board has raised concerns over the integrity of Mr. Kennedy Li and thus, has resolved to terminate the employment of Mr. Kennedy Li on 1 November 2023 with immediate effect.