Excalibur Global Financial Holdings Limited announced that in accordance with Article 108 of the Articles of Association, Mr. Chan Ying Leung and Mr. Ang Wayne Wu-yee shall retire by rotation at the Annual General Meeting and shall be eligible for re-election at the Annual General Meeting. Mr. Chan and Mr. Ang have informed the Company that they will not stand for re-election at the Annual General Meeting. Mr. Chan will retire as an executive Director with effect from the conclusion of the Annual General Meeting. Mr. Ang will retire as an independent non-executive Director and also will cease to be 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 Annual General Meeting. Mr. Chan and Mr. Ang have confirmed that there is no disagreement between them and the Board, and there are no matters relating to their retirement that need to be brought to the attention of the Shareholders or the Stock Exchange.