The board of directors of HongDa Financial Holding Limited announced that Ms. Sin Pui Ying ("Ms. Sin") has resigned as the executive director and ceased to be a member of the executive committee of the Company with effect from 24 August 2020 due to her personal engagements require more of her time and attention. Ms. Sin has confirmed that there is no disagreement with the Board and there is no matter in respect of her resignation that would need to be brought to the attention of the shareholders of the Company or the Stock Exchange.