The board of directors of China Art Financial Holdings Limited announced that Ms. Li Yuen Shan has resigned from her position as the Company Secretary of the Company and ceased to be an authorized representative of the Company under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and an authorized representative of the Company for accepting service of process or notice on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance due to other business commitments with effect from 2 April 2022. Mr. Im Kai Chuen Stephen ("Mr. Im") has been appointed as the Company Secretary, the Authorized Representative and the Process Agent of the Company with effect from 2 April 2022. Mr. Im has over 25 years of accounting and finance, corporate governance and company secretarial experience.

Mr. Im is an associate member of is an associate of each of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Mr. Im is also a member of Certified Management Accountant of Australia, Institute of Public Accountant of Australia and the international affiliate the Hong Kong Institute of Certified Public Accountants.