The board of directors of Huabang Financial Holdings Limited announced that Mr. Lam Allan Loc ("Mr. Lam") has been re-designated from a non- executive Director to an executive Director (the "Re-designation") of the Company with effect from 12 April 2019. Mr. Lam, aged 57, vice chairman of the Company, was previously the appointed deputy general manager of An Bang Life Insurance Group based in Beijing from 2017 to 2018. The Board announced that Ms. Lau Wing Sze ("Ms. Lau") has resigned as an executive Director of the Company with effect from 12 April 2019 to devote more time to her other work commitments of the Company. The Board also announced that with effect from 12 April 2019, Mr. Lam has been appointed as a member of the corporate governance committee and Ms. Lau Wing Sze has ceased to be a member of the corporate governance committee.