The board of directors of Asia-Pac Financial Investment Company Limited (the Company) announced that Mr. Sek Wai Kit (Mr. Sek) will be appointed as an independent non-executive Director, the chairman of the audit committee of the Company and a member of each of the nomination committee and the remuneration committee of the Company with effect from 31 October 2020. Mr. Sek has entered into a letter of appointment with the Company for a term of 1 year with effect from 31 October 2020. He has been a member of CPA Australia since 2009. Mr. Sek has over ten years of experience in the field of audit and accounting and is the head of finance department of Sheung Moon Holdings Limited. Also Mr. Cheung Ka Chun will resign as an independent non-executive Director and ceased to be the chairman of the audit committee of the Company and a member of each of the nomination committee and the remuneration committee of the Company with effect from 31 October 2020 to pursue his other business commitments.