The board of directors of China Ever Grand Financial Leasing Group Co., Ltd. announced that Mr. Lai Ka Fai resigned as an Executive Director and the authorised representative under Rule 3.05 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited with effect from 31 July 2023 due to his other personal commitments. Mr. Lam Koon Fai resigned as the company secretary of the Company due to his other personal work commitments with effect from 31 July 2023. Mr. Siu Wai Bun, aged 40, has been appointed as an Executive Director, the Authorised Representative and the Company Secretary with effect from 31 July 2023.

Mr. Siu has over 15 years' experience in accounts and finance. Prior to joining the Company, he was the Chief Financial Controller and the company secretary of Beijing Sports and Entertainment Industry Group Limited since April 2022 and resigned from the positions on 29 July 2023. Between October 2016 to April 2022, he first joined the Company as the Financial Controller.

In November 2017, he was additionally appointed as a joint company secretary of the Company. Mr. Siu also gained experience from working at various finance and accounting departments at other listed companies in Hong Kong. Mr. Siu also has over 6 years of accounting and auditing experience gained from different international accounting firms. Mr. Siu has a Bachelor of Arts degree in Accountancy from the Hong Kong Polytechnic University and a Bachelor of Law degree from the University of London (External Programme) through distance learning.

He is a member of the Hong Kong Institute of Certified Public Accountants and an associate member of the Hong Kong Chartered Governance Institute (formerly known as Hong Kong Institute of Chartered Secretaries). Mr. Siu has entered into an employment agreement with the Company without a fixed term of service but his term of service is subject to the provisions of the Second Amended and Restated Articles of Association of the Company. As such, Mr. Siu shall hold office as an Executive Director until the next general meeting of the Company and shall then be eligible for re-election at that meeting in accordance with the Articles of Association.