Net Pacific Financial Holdings Limited announced resignation of Wu Houguo as an Independent Non-Executive Director, and Member of the Audit Committee, Risk Management Committee, Nominating Committee and Remuneration Committee Reason For Cessation: Mr. Wu Houguo ("Mr Wu") joined the Board in 2013. He has decided to step down to allow board renewal. After having interviewed Mr. Wu and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte.

Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Wu as an Independent Director of the Company.