The board of directors of CASH Financial Services Group Limited announced that Mr. Cheung Tsz Yui Morton has been appointed as an executive director and the Company with effect from 10 January 2024; Mr. Law Hin Ong Trevor has tendered his resignation as an executive director and deputy chief financial officer of the Company with effect from 10 January 2024; and Mr. Law has also ceased to be an authorised representative of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange and Mr. Cheung, an executive director and chief financial officer of the Company, has been appointed as an Authorised Representative. Mr. Cheung, aged 38, is appointed as an executive director and chief financial officer of the Company overseeing the finance and treasury function of the Group. He is currently an executive director and chief financial officer of Celestial Asia Securities Holdings Limited (CASH) and holds directorship in certain subsidiaries of CASH and the Company.

He has extensive experience in the fields of auditing, financial reporting, investment banking and corporate finance; Mr. Cheung received a Bachelor in Business Administration (Professional Accountancy) from The Chinese University of Hong Kong. He is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants; Mr. Cheung has entered into a service agreement with the Company for a term of three years with effect from the date of his appointment and will be renewable automatically for successive terms of three years upon expiry of the term of the appointment. Mr. Cheung is subject to the retirement by rotation and re-election pursuant to the bye-laws of the Company and the Listing Rules.

Mr. Law has tendered his resignation as an executive director and deputy chief financial officer of the Company with effect from 10 January 2024 due to his other personal commitments. Mr. Law will cease to hold any position in the Group. Mr. Law confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The resignation of Mr. Law will not affect the normal operation of the Company. The Board would like to express its heartfelt gratitude to Mr. Law for his invaluable contributions to the Company during his tenure of service. The Board also announced that Mr. Law has also ceased to be an Authorised Representative pursuant to Rule 3.05 of the Listing Rules with effect from 10 January 2024 following his resignation.

The Board further announces that Mr. Cheung, an executive director and chief financial officer of the Company, has been appointed as an Authorised Representative with effect from 10 January 2024.