The board of Finsoft Financial Investment Holdings Limited in its annual general meeting held on 24 June 2020 announced that Mr. Lam Kai Yeung (Mr. Lam) did not offer himself for re-election at the AGM due to his other commitments which require more of his time and retired as an independent non-executive Director upon the conclusion of the AGM. The Board also announced that following the retirement of Mr. Lam, Mr. Hon Ming Sang (Mr. Hon) has been appointed as an independent non-executive Director with effect from 24 June 2020., Mr. Hon is a CFA charterholder. He is also a member of the Hong Kong Society of Financial Analysts, a member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants, an associate member of the Hong Kong Institute of Chartered Secretaries and an associate member of the Institute of Chartered Secretaries and Administrators. Mr. Hon has previously worked in an international audit firm and has over 11 years of working experience in listed companies and financial institutions. He has extensive experience in corporate finance, merger and acquisition, investment and financial management and compliance services. The Board also announced that, Mr. Lam ceased to be the chairman of each of the audit committee, the remuneration committee and the nomination committee of the Board upon the conclusion of the AGM; and Mr. Hon has been appointed as the chairman of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 24 June 2020.