Finsoft Financial Investment Holdings Limited announced that with effect from 7 July 2023, Ms. Liu Mung Ting ("Ms. Liu") has been appointed as an executive Director. The Board also announces that with effect from 7 July 2023, (i) Mr. Chan Wai Lung ("Mr. Chan") has resigned as the chief executive officer of the Company due to his appointment as the vice chairman of the Board. Ms. Liu, aged 25, obtained a degree of Bachelor of Science (Economics) from the University College London in July 2019 and a degree of Master of Science in International Business from the Hult International Business School in August 2020.

Ms. Liu was a director of Wine Master Holdings Limited, a company principally engaged in wine procurement, sales, and inventory management functions from April 2020 to September 2022. She also worked as an analyst in relation to real estate private equity at M3 Capital Partners (HK) Limited, the Hong Kong office of M3 Capital Partners LLC, a global private equity capital advisory firm which advises real asset companies and fund managers on investment and private equity fund structures and strategic decisions, including restructuring, recapitalization and mergers and acquisitions, from September 2020 to July 2023, whereby she was involved in capital raising for multiple real estate private equity deals across China, Japan, Hong Kong and Vietnam totaling more than USD 3.5 billion equity raised while working with multiple clients and investors including large sovereign wealth funds, pension funds, etc. The Board also announced that with effect from 7 July 2023, Mr. Chan has been appointed as the Vice Chairman.

Mr. Chan, aged 42, was appointed as an executive Director and the Chief Executive Officer with effect from 8 June 2017 and 9 December 2021, respectively. Mr. Chan is currently a director of a number of indirect wholly-owned subsidiaries of the Company. Mr. Chan has years of experience in business planning and development.

Mr. Chan has been a director of Draco International Investment (Holdings) Limited (specialising in designing corporate structures) since July 2013, and a director of Draco Human Resources Management Limited since November 2016. Mr. Chan has been appointed as an independent non-executive director, the chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of China Bozza Development Holdings Limited with effect from 19 May 2023. Mr. Chan was a non-executive director of Noble Engineering Group Holdings Limited from August 2018 to January 2020.

Mr. Chan was appointed as a business development consultant by the Management Committee of the Haining Economic Development Zone, Zhejiang Province, the People 's Republic of China in April 2017. In October 2017, he obtained his Honorary Doctorate in Business Administration from Sabi University. In November 2019, Mr. Chan completed a postdoctoral research project at California State University Monterey Bay.

The Board also announces that with effect from 7 July 2023, (i) Ms. Lo Wing Sze BBS, JP ("Ms. Lo") has resigned as an independent non-executive Director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Board due to her other commitments which require more of her time; and (ii) Mr. Tang Shu Pui Simon ("Mr. Tang") has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Mr. Tang, aged 58, is a practising solicitor and an accredited mediator with the Hong Kong International Arbitration Centre. He is a partner of P. C. Woo & Co., a firm of solicitors with over 70 years of service in Hong Kong.

Mr. Tang is a panel member of the Insurance Appeals Tribunal, legal advisor of the General Agents and Managers Association of Hong Kong, vice president of the Hong Kong Institute of Patent Attorneys Limited, senior legal adviser to Hong Kong Brands Protection Alliance Limited, founding member, board member and honorary legal counsel of Hong Kong-ASEAN Economic Cooperation Foundation, member of the Standing Committee on Standards and Development of the Law Society of Hong Kong, legal advisor to Kitchee (Sports Management) Limited, a co-opted member of the Executive Board of Hong Kong Air Cadet Corps, fellow member of the Hong Kong Institute of Directors, board member of Monte Jade Science and Technology Association of Hong Kong and member of Disciplinary Panel A of the Hong Kong Institute of Certified Public Accountants. Mr. Tang has been appointed as an independent non-executive director of Virtual Mind Holding Company Limited since August 2016. Mr. Tang has been appointed as a member of each of the audit committee, the nomination committee, and the corporate governance committee of Virtual Mind since November 2016.

Mr. Tang was a member of the remuneration committee of Virtual Mind from November 2016 to January 2021, and he has been appointed as the chairman of the remuneration committee of Virtual Mind since January 2021.