The Board of Directors of Net Pacific Financial Holdings Limited announced the resignation of Mr. Francis Lee Fook Wah as an Independent Non-Executive Director of the Company with effect from 15 August 2023. Following Mr. Francis' resignation, he will contemporaneously relinquish his position as the Chairman of the Remuneration Committee and Member of the Audit Committee, Risk Management Committee and Nominating Committee with effect from 15 August 2023. Following the cessation, the compositions of the Board and Board Committees are as follows: Board of Directors: Mr. Chung Wai Man - (Independent Non-Executive Chairman); Mr. Zhou Wen Jie - (Non-Independent Non-Executive Director); Mr. Ong Chor Wei @ Alan Ong - (Executive Director and Chief Executive Officer); Mr. Ben Lee - (Non-Independent Non-Executive Director); Mr. Chin Fook Lai - (Non-Independent Non-Executive Director); Mr. Tso Sze Wai - (Lead Independent Non-Executive Director); Mr. Wu Houguo - (Independent Non-Executive Director).

Audit Committee: Mr. Tso Sze Wai - (Chairman); Mr. Wu Houguo - (Member). Nominating Committee: Mr. Chung Wai Man - (Chairman); Mr. Ben Lee - (Member); Mr. Tso Sze Wai - (Member); Mr. Wu Houguo - (Member). Remuneration Committee: Mr. Tso Sze Wai - (Member); Mr. Wu Houguo - (Member).

Risk Management Committee: Mr. Tso Sze Wai - (Chairman); Mr. Wu Houguo - (Member).