PF Group Holdings Limited announces that Mr. Zhong Chu Jian ("Mr. Zhong") has tendered his resignation as an executive Director with effect from 1 April 2023, due to his intention to focus on his other business commitments.
Mr. Zhong has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board would like to express its sincere gratitude to Mr. Zhong for his contribution to the Company during his tenure of service. The Company announced that Mr. Lee Ho Leung William ("Mr. Lee") has been appointed as the executive Director with effect from 1 April 2023. Mr. Lee, aged 51, is one of the Responsible Officers for the Group's Type 1 and Type 9 regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). Mr. Lee was appointed as the Managing Director of Pacific Foundation Securities Limited ("PFSL"), the operating subsidiary of the Company, on 5 November 2020 and was appointed as a director of PFSL on 1 May 2021. Mr. Lee is the Manager-in-Charge ("MIC") of PFSL of the following Core Functions as defined under the Hong Kong Securities and Futures Commission's MIC Regime: Overall Management Oversight, Key Business Line (Asset management), Operational Control and Review, Risk Management, Compliance and Information Technology. Mr. Lee has over 20 years experiences in private equity, venture capital, structured finance investment and corporate finance. Mr. Lee had been Responsible Officer for Type 1, 4, 6 and/or 9 activities under the SFO for various financial institutions. Mr. Lee obtained a bachelor's degree in Accountancy from City University of Hong Kong, a Master of Business Administration degree from the Hong Kong University of Science and Technology and a Master of International and Public Affairs degree from the University of Hong Kong. Mr. Lee was admitted as a member to the Association of Chartered Certified Accountants in 1998 and became a fellow of the association in 2003. Mr. Lee has been a Chartered Financial Analyst (CFA) charterholder since
2001.