Asia Financial Holdings Limited announced at the AGM held on May 21, 2021 that the company approved appointment of AU YANG Chi Chun Evan as an Independent Non-executive Director (INED) . He has also been appointed the chairperson of both the Nomination Committee and the Compliance Committee, and a member of the Audit Committee, the Remuneration Committee and the Risk Committee of the Company with effect from the conclusion of the 2021 AGM. Mr. Au Yang, aged 49, is the Chairman of the Board of Civic Exchange. He was managing director and head of GLG International at Gerson Lehrman Group from 2016 to 2020. Prior to GLG, Mr. Au Yang was the deputy managing director of The Kowloon Motor Bus Company (1933) Limited and an executive director of Transport International Holdings Limited ("Transport International"), KMB's parent company which is listed on The Stock Exchange of Hong Kong Limited. Mr. Au Yang is a member of Advisory Committee on Corruption of the Independent Commission Against Corruption, an advisor of Hong Kong Foundation and serves on the membership committee of the Young Presidents' Organization (Hong Kong Chapter). He also serves on the board of the Urban Renewal Authority as a non-executive director, and Sun Hung Kai & Co. Limited (a company listed on the Stock Exchange) as an independent non-executive director. Ms. CHOW Suk Han Anna ("Ms. Chow"), after nearly 17 years of service, has retired by rotation as an INED of the Company and ceased as the chairperson of both the Nomination Committee and the Compliance Committee, and a member of the Audit Committee, the Remuneration Committee and the Risk Committee of the Company with effect from the conclusion of the Company's annual general meeting held on 21 May 2021.