The board of directors of China Art Financial Holdings Limited announced that Mr. Li Cheng has tendered his resignation as an Executive Director of the Company with effect from September 30, 2022 as he would like to devote more time to his other business engagements. Mr. Li has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that shall be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. As at the date of September 30, 2022, the Board comprises Mr. Fan Zhijun as the executive Director, Mr. Chen Yunwei as the non-executive Director and Mr. Leung Shu Sun, Sunny, Mr. Liu Jian and Ms. Yin Xuhong as the independent non-executive Directors.