The board of directors of Asia Financial Holdings Limited announced that Ms. LEUNG Lai Sheung (alias: Loretta SHUEN) has retired from being an INED of the Company and ceased as the chairperson of the Audit Committee, and a member of the Nomination Committee, the Remuneration Committee, the Risk Committee and the Compliance Committee of the Company with effect from the conclusion of the Company's annual general meeting held on 20 May 2022. Ms. NGAN Edith Manling has been elected in the 2022 AGM as an INED which took effect from the conclusion of the 2022 AGM. She has also been appointed the chairperson of the Audit Committee, and a member of the Nomination Committee, the Remuneration Committee, the Risk Committee and the Compliance Committee of the Company with effect from the conclusion of the 2022 AGM.

Ms. Ngan is currently an independent non-executive director of the boards of Blue Moon Group Holdings Limited.