The board of directors of Cornerstone Financial Holdings Limited announce that Mr. Wong Man Hong has been appointed as an independent non-executive Director and the chairman of each of the audit committee, nomination committee and remuneration committee of the Board, all with effect from 16 July 2021. Mr. Wong has extensive experience in the fields of accounting, auditing and financing. He started his career and served as a manager in PricewaterhouseCoopers, and has been taking up senior positions in various companies listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") engaging in operation of P2P internet financing platform, securities trading, money lending and new energy business. He is currently the financial controller of DeTai New Energy Group Limited.