China Vered Financial Holding Corporation Limited announced that with effect from 8 April 2024, (1) Mr. Ng Kian Guan (Mr. Ng') has been appointed as non-executive director of the company, the chairman of the board and the chairman of the nomination committee (the nomination committee); (2) Ms. Du Lina (Ms. Du') has resigned as an executive director, the chairperson of the board, the chairperson of the Nomination Committee and authorized representative (the Authorized Representative') of the Company for the purpose of Rule 3.05 of the Listing Rules; (3) Mr. Zhang Boyang (Mr. Zhang') has resigned as the non-executive director; and (4) Mr. Ng has been appointed as the Authorised Representative. Mr. Ng, aged 68, has over 30 years of experience in banking and finance with strong expertise in credit and marketing. He is an Independent Director of International Cement Group.

He was Senior Banker of Shanghai Pudong Development Bank from October 2021 to September 2022. He was the Deputy Chief Executive Officer of Maybank Singapore from August 2014 to June 2021, while serving simultaneously as the Head of Corporate Office from September 2011 to December 2018. Prior to this, he led and oversaw various portfolios at the bank including Corporate Banking, Risk Management, Remedial Management, and Group Credit Management.

Mr. Ng holds a Bachelor of Business Administration from the National University of Singapore. He also holds an Executive Diploma in Directorship from the Singapore Management University and Singapore Institute of Directors (SID') and is an accredited director under the SID Accreditation Framework.