Asian Capital Resources (Holdings) Limited announced that Dr. Feng Ke ("Dr. Feng") has tendered his resignation as an executive Director of the Company with effect from 3 March 2023 due to his personal commitments which require more of his attention and dedication. Dr. Feng's resignation will not cause the number of the members of the Board to be fewer than that required by the Articles of Association of the Company and relevant laws and regulations and it will not affect the normal operation of the Board.