The board of director of Gome Finance Technology Co., Ltd. announced that Mr. Chung Tat Fun will retire as executive Director by rotation under the Company's bye-laws and will not offer himself for re-election at the forthcoming annual general meeting of the Company. Mr. Chung will continue to serve the Group in his capacity as director of certain subsidiaries of the Company after his retirement as executive Director with effect from the conclusion of the AGM. Mr. Chung has decided not to offer himself for re-election as executive Director in order to devote more time to his other business development.