The board of directors of Astrum Financial Holdings Limited announced that Mr. Chan Chun Hong ("Mr. Chan") has resigned as an independent non-executive Director, and ceased to be the chairman of remuneration committee ("Remuneration Committee"), and a member of each of audit committee ("Audit Committee") and nomination committee ("Nomination Committee") of the Company with effect from 1 November 2020 in order to devote to his other business development. Mr. Chan has confirmed that he did not have any disagreement with the Board and is not aware of any matters in connection with his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that Mr. Sum Loong ("Mr. Sum") will be appointed as an independent non-executive Director, and the chairman of Remuneration Committee, and a member of each of Audit Committee and Nomination Committee of the Company with effect from 1 November 2020. Mr. Sum is currently a partner and solicitor of Wong Heung Sum & Lawyers and company secretary and authorised representative of SingAsia Holdings Limited.