The board of Asia Investment Finance Group Limited announced that Mr. Ling Zack Xiange ("Mr. Ling") has resigned from his position as an Executive Director with effect from 15 January 2019 due to health reasons. The Board also announced that: (i) Mr. Ling resigned from his position as a member of the Executive Committee, a member of the Nomination Committee and the Chairman and a member of the Risk Management Committee of the Board with effect from 15 January 2019; and (ii) Mr. Sun Yu ("Mr. Sun") has been appointed as the Chairman and a member of the Risk Management Committee of the Board with effect from 15 January 2019. The Board announced that, Mr. Sun has been appointed as the authorized representative (the "Authorised Representative") of the Company for the purpose of Rule 3.05 of the Listing Rules of the Stock Exchange with effect from 15 January 2019; and Mr. Ling has resigned as the Authorised Representative of the Company with effect from 15 January 2019.