The board of directors of Da Yu Financial Holdings Limited announced that Mr. Xu Haohao ("Mr. Xu") has been appointed as a non-executive Director and a member of each of the audit committee and the nomination committee of the Company with effect from 31 May 2023. Mr. Xu, aged 39, is currently a major shareholder and executive director of Yuen Wo International Limited. Mr. Xu holds a Bachelor's degree in Financial Administration from University of Winnipeg, Canada and an EMBA degree from the City University of Hong Kong.

Mr. Xu has extensive experience in financial and corporate management. From September 2019 to August 2022, Mr. Xu served as executive director and the chief executive officer of Man Sang International Limited. Previously, Mr. Xu served as an executive director of CWT International Limited from December 2014 to June 2019 and held various senior management positions including co-chairman and chief executive officer during his term of service.

From November 2016 to September 2019, Mr. Xu was also a non-executive director of AID Life Science Holdings Limited, and from May 2018 to April 2019, a director of HY Energy Group Co. Ltd. From September 2012 to March 2014, Mr. Xu worked in finance department of Hong Kong Airlines Limited. Mr. Xu is a director and shareholder of Beyond Global Enterprises Limited.

He is also a director of Victory Gain Ventures Limited.