Huabang Financial Holdings Limited announced the appointment of Li Huaqiang as an independent non-executive Director of the company. with effect from November 1, 2018. Mr. Li Huaqiang has served as a non-executive director of China Everbright Bank company Limited, a company listed on the Main Board of the Stock Exchange, between September 2016 to June 2018. The Board also announces that with effect from 1 November 2018, Mr. Lam has ceased to be a member in each of the audit committee, the remuneration committee and the nomination committee and the chairman of the nomination committee; Mr. Li has been appointed as a member in each of the audit committee, the remuneration committee and the nomination committee; and Mr. Loo Hong Shing Vincent, the independent non-executive director of the company, has been appointed as the chairman of the nomination committee.