The board of directors of China Art Financial Holdings Limited announced that, Mr. Im Kai Chuen Stephen has tendered his resignation as (i) the company secretary of the Company; (ii) an authorised representative of the Company (the ``Authorised Representative'') under Rule 3.05 of the Rules Governing the Listing of Securities (on The Stock Exchange of Hong Kong Limited and (iii) the process agent for the acceptance of service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and Rule 19.05(2) of the Listing Rules due to other business commitments with effect from 24 May 2024. The Board further announces that, Mr. Ng Kam Ming has been appointed as the Company Secretary, an Authorised Representative and the Process Agent of the Company with effect from 24 May 2024. Mr. Ng holds a bachelor degree in Accounting from Hong Kong Metropolitan University and is a member of the Hong Kong Institute of Certified Public Accountants.

Mr. Ng has over 13 years of experience in auditing, accounting, financial management, corporate governance and company secretarial matters. Prior to joining the Company, Mr. Ng served as the company secretary of Boill Healthcare Holdings Limited, a company listed on the Stock Exchange, from August 2019 to January 2024.