The board of directors of Capital Finance Holdings Limited announced that Mr. Lee Zak Yuen ("Mr. Lee") has resigned as the independent non-executive Director, the chairman of the remuneration committee (the "Remuneration Committee"), a member of each of the audit committee (the"Audit Committee") and nomination committee (the "Nomination Committee") of the Company, all with effect from 1 February 2024 in order to devote more time to his personal commitments. The Board further announced that Ms. Cheung Yin Man Monica ("Ms. Cheung") will be appointed as the independent non-executive Director, and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, all with effect from 1 February 2024. Ms. Cheung, aged 39, holds a bachelor's degree in Business Administration from the Chinese University of Hong Kong.

She is a member of the Hong Kong Institute of Certified Public Accountants, a Chartered Financial Analyst and a Certified Environmental, Social and Governance Analyst. She is currently a director of a licensed corporation to carry on business in type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (the "SFO"), and possesses over 15 years of experience in the fields of auditing, corporate finance, financial management and environmental, social and governance.

She has also been a licensed person for type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities under the SFO since 2011. Following the resignation of Mr. Lee, Mr. Chan Ngai Fan ("Mr. Chan"), the independent non-executive Director and the member of the Remuneration Committee, will be re-designated as the chairman of the Remuneration Committee with effect from 1 February 2024. His positions in the other board committees of the Company will remain unchanged.