The board of directors of Central Wealth Group Holdings Limited announced that Mr. Li Jing has resigned as an chief executive officer of the Company with effect from 30 May 2024 to focus on his other business engagements. Mr. Li has confirmed that he has no disagreement with the Board and is not aware of any matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Chen Xiaodong has been appointed as the chief executive officer of the Company with effect from 30 May 2024.

Mr. Chen, aged 42, is an executive director and the chairman of the Nomination Committee of the Company since 2 December 2016, a member of the Remuneration Committee of the Company since 8 March 2023 and was re-designated as the vice-chairman of the Board and a member of the Executive Committee since 29 April 2024. He holds a bachelor degree of management from Royal Holloway, University of London. He also holds a master of science degree in process technology and business management from University of Warwick.

He has more than 12 years of experience in bank and securities marketing and is familiar with the local market and has strong capabilities in market exploration, customer appraisal and risk management. He also has extensive experience of regulations and rules of financial market in Hong Kong and Mainland China, as well as certain corporate financial analysis skill.