At the annual general meeting of Excalibur Global Financial Holdings Limited held on 10 June 2021, announced that Mr. Chan Ying Leung did not offer himself for re-election of director at the AGM as he wishes to devote more time to his other personal and business commitments. Therefore, Mr. Chan retired from office as an executive director and ceased to be an authorised representative under Rule 5.24 of the GEM Listing Rules of the Company upon conclusion of the AGM. Mr. Ang Wayne Wu-yee did not offer himself for re-election of director at the AGM as he wishes to devote more time to his other personal and business commitments. Therefore, Mr. Ang retired from office as an independent non-executive director and ceased to be the Chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee of the Company upon conclusion of the AGM. The Board announced that Ms. Choi Ching Jennifer has been appointed as an executive director of the Company and Mr. Lam Ka Tai has been appointed as an independent non-executive director of the Company with effect from the conclusion of the AGM. Ms. Choi Ching Jennifer was appointed as an executive director and an Authorised Representative of the Company with effect from the conclusion of the AGM. Mr. Lam Ka Tai was appointed as an independent non-executive director and the Chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee of the Company with effect from the conclusion of the AGM. Subsequent to Mr. Chan Ying Leung's retirement as an executive director of the Company, he ceased to be the Authorised Representative of the Company with effect from 10 June 2021. The Board announced that Ms. Choi Ching Jennifer has been appointed as an Authorised Representative of the Company in replacement of Mr. Chan with effect from 10 June 2021. Subsequent to Mr. Ang Wayne Wu-yee's retirement as an independent non-executive director of the Company, he ceased to be the Chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee of the Company with effect from 10 June 2021. The Board further announced that Mr. Lam Ka Tai was appointed as the Chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee of the Company with effect from 10 June 2021.