The board of directors of China Financial Leasing Group Limited announced that Mr. Chan Chi Hang has resigned as executive Director with effect from 1 January 2021 as Mr. Chan has other career development which require more of his time and attention. Upon resignation, Mr. Chan also resigned as authorised representative and member of investment committee of the Company. Mr. Chan has confirmed that he has no claims against the Company in respect of his resignation and has no disagreements with the Board. There is no other matters in relation to his resignation that should be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. The Board also announces that Mr. Chiu Wai Lap has been appointed as the executive Director, Authorized Representative and member of investment committee of the Company with effect from 1 January 2021. Chiu has over 14 years of relevant experience in financial industry, including business development and management, fund operations, asset allocation, portfolio management and investment advisory, etc.