Finet Group Limited announced that Mr. Lee Yu Chung (``Mr. Lee'') has tendered his resignation as an executive Director and authorized representative of the Company which will take effect from 13 August 2020 due to his decision to allocate more time to his personal commitments. The Board announced that it has resolved to appoint Mr. Chan Chi Leung, the Company Secretary, as the authorized representative of the Company with effect from 13 August 2020. It was disclosed in the AGM Notice and the Circular that, as retiring director at the AGM, Mr. Lee would offer himself for re-election as a director of the Company at the AGM to be held on 13 August 2020. In light of the resignation of Mr. Lee, the Board will withdraw the ordinary resolution numbered 2(b) "To re-elect Mr. Lee Yu Chung as an executive director'' from voting at the AGM.