The board of directors of Power Financial Group Limited announced that with effect from 31 December 2021, Mr. Chiu Ka Wai, Ellis has resigned as an independent non-executive Director, a member of each of the audit committee of the Board and the nomination committee of the Board, and the chairman of the remuneration committee of the Board due to his desire to devote more time to other commitments. In contemplation of the resignation of Mr. Chiu, Ms. Chan Lai Ping, an independent non-executive Director, a member of each of the Nomination Committee and the Remuneration Committee, and the chairperson of the Audit Committee, has been redesignated from a member of the Remuneration Committee to the chairperson of the Remuneration Committee with effect from 31 December 2021.