The board of directors of Rich Goldman Holdings Limited hereby announced that, with effect from 6 September 2022, Mr. Lam Yick Man (Mr. Lam) has resigned from his position as an executive Director of the company; and Mr. Zhang Yiwei (Mr. Zhang) has been appointed as an executive Director of the company. With effect from 6 September 2022, Mr. Lam has resigned from his position as an executive Director due to his other work commitments. Mr. Lam will be redesignated as the Senior Vice President of the Company following his resignation from his position as an executive Director.

Mr. Zhang has been appointed as an executive Director of the Company with effect from 6 September 2022. Mr. Zhang, aged 39, graduated from Zhejiang University with a bachelor's degree in economics (major in finance). He joined the Company as General Manager on 25 April 2022 and is responsible for the management of the Group's operations.

He has 17 years of experience in the field of finance and credit. Prior to joining the Company, he held management positions in the field of credit and international clearing in various financial institutions such as Industrial and Commercial Bank of China Limited and Postal Savings Bank of China Co. Ltd. Mr. Zhang has entered into a service agreement with the Company as an executive Director with no specific term with effect from 6 September 2022, subject to normal retirement by rotation and re-election by shareholders of the Company pursuant to the articles and association of the Company.

Pursuant to the service agreement, he is entitled to receive a fixed salary of HKD 650,000 per annum, as determined by the Board based on his performance, experience, duties and responsibilities as well as the prevailing market conditions. Mr. Zhang will hold office until the next annual general meeting of the Company and shall then be eligible for re-election in accordance with the articles of association of the company.