Finet Group Limited announced that with effect from 24 August 2023, Ms. Chen Weijie has resigned as an executive Director of the Company due to her personal commitments. Board announced that with effect from 24 August 2023, Mr. Chu Ka Chung has resigned as an independent non-executive Director and a member of audit committee of the Company due to his personal commitments. Mr. Fo Chen Yuh has been appointed as an executive Director with effect from 24 August 2023.

The biographical information of Mr. Fo is set out below: Mr. Fo, aged 56, has currently the Managing Director of Red Dot Capital Partners Limited since September 2020, a company principally engaged in boutique investment focused on real estate sections in Greater China market. Mr. Fo worked in Fortress Real Estate (HK) Limited from July 2008 to August 2020 with his last position held as Managing Director. Mr. Fo has more than 20 years of real estate investment, management and development experience with international and regional companies.

He has built up a strong working relationship and networks with investors and developers from the People's Republic of China (the ``PRC'') and other parts of Asia as well as Non Performing Loan service providers through the years. Mr. Fo graduated from the London School of Economics in Singapore, with a Bachelor of Science (Honours) of Economics and Management in 1997. He also graduated from Ngee Ann Polytechnic in Singapore, with a Diploma in Building Management of Estate Management in 1985.

Mr. Yuk Kai Yao has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 24 August 2023. The biographical information of Mr. Yuk is set out below: Mr. Yuk, aged 42, has been acting as a sales Director of China Financial Services Holdings Limited (``China Financial'') (stock code: 605), a company listed on the Main Board of The Stock Exchange since January 2016. He is responsible for overseeing the group of China Financial's Hong Kong sales teams and sales strategies and business development activities.

Mr. Yuk has also been appointed as an executive Director of GBA Holdings Limited a company listed on the Main Board of the Stock Exchange since May 2022. Mr. Yuk was an independent non-executive Director of Grand Talents Group Holdings Limited, a company listed on the GEM of the Stock Exchange from September 2018 to May 2023. He was a vice president of Hao Tian Development Group Limited, a company listed on the Main Board of the Stock Exchange, during the period from January 2013 to December 2015.

He was responsible for driving the sales activities of money lender business as well as fund raising and treasury matters. Mr. Yuk worked in The Hong Kong and Shanghai Banking Corporation Limited from September 2007 to March 2012 with his last position held as an associate Director. He also worked in Standard Chartered Bank (Hong Kong) Limited from March 2007 to September 2007 with his last position held as a Manager.

Mr. Yuk graduated from The University of Hong Kong with a Bachelor Degree of Economics and Finance in 2004.