KOALA Financial Group Limited announced that Mr. Ong has tendered his resignation as the independent non-executive Director, the chairman of audit committee, the member of nomination committee and the chairman of remuneration committee with effect from 15 September 2017. The Board announced that Mr. Kam Hou Yin, John has been appointed as the independent non-executive Director, the chairman of audit committee, the member of nomination committee and the chairman of remuneration committee with effect from 18 September 2017. Mr. Kam was previously appointed as Vice President of 7th Director Board of Shenzhen Association of Enterprises with Foreign Investment and was a member of the Project Advisory Committee for the Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone and the 13th and 14th Chinese People's Political Consultative Conference of Xi'an.

The Board also announced that Mr. Tse Chi Shing, the financial controller and the company secretary, has been appointed as the chief financial officer of the company with effect from 15 September 2017 to replace Mr. Tam Chak Chi, whom had resigned on 30 June 2017.