The board of directors of China Demeter Financial Investments Limited announced that due to reallocation of responsibilities amongst the Group's management, with effect from 4 October 2021, Mr. Ng Man Chun Paul ("Mr. Ng") has been re-designated from an executive Director to a non-executive Director and will remain as the chairman of the Board. Mr. Ng, aged 50, was appointed as an executive Director with effect from 15 November 2016. He has been appointed as the chairman of the Board, with effect from 14 June 2019. Mr. Ng was also the chief executive of the Company from 15 November 2016 to 1 December 2020.