The board of directors of Power Financial Group Limited announced that, with effect from 1 December 2022, Mr. Tong Hin Jo has been appointed as an executive Director. The biographical details of Mr. Tong are set out below: Mr. Tong, aged 42, has been appointed as an executive Director with effect from 1 December 2022. Mr. Tong joined the Group in June 2022 and is currently a director and responsible officer of two subsidiaries of the Company, namely Minerva Securities Limited (formerly known as Power Securities Company Limited) and Minerva Asset Global Investment Capital Limited (formerly known as Power Asset Management Company Limited).

Mr. Tong obtained a master's degree in business administration at the University of Sunderland in February 2019. He is a holder of Type 1 (Dealing in Securities) and Type 9 (Asset Management) regulated activities licences under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Tong has over 18 years of experience working in the financial services industry.

Prior to joining the Group, Mr. Tong served as representatives and responsible officers in a number of investment banks and securities firms with a focus on securities brokerage, debt and equity capital market, investment management, private equity, compliance and risk management.