The board of directors of China Fortune Financial Group Limited announced that Mr. ZHU Yi (Mr. Zhu) has resigned as an executive Director; a member of each of the remuneration committee and the nomination committee; and authorised representative of the Company with effect from 15 September 2022 due to his other business commitments. Mr. Zhu has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announced that Dr. LIU Zhiwei has been appointed as the Authorised Representative to replace Mr. Zhu with effect from 15 September 2022.