Power Financial Group Limited announces that Mr. Cheng Chun Shing ("Mr. Cheng") has resigned as (i) an executive Director; (ii) the chief financial officer of the Company; (iii) the company secretary of the Company ("Company Secretary"); (iv) the authorised representative of the Company. The Board also announces that Ms. Fung Mei Ling ("Ms. Fung") has been appointed as the Company Secretary, the Authorised Representative and the Process Agent, all with effect from 31 October 2022. Ms. Fung, aged 52, has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 31 October 2022.

She is the head of compliance of a corporate services company, namely, BPO Global Services Limited which amalgamated with Acclime Corporate Services Limited. Ms. Fung has around 20 years' experience in corpoarte secretarial field. She is currently the company secretary of certain companies listed in Hong Kong.

She has extensive experience in company secretarial, compliance, corporate governance and corporate finance matters for companies listed in Hong Kong. She is a holder of a Master of Finance degree from Curtin University of Technology. Ms. Fung is a fellow member of the Hong Kong Chartered Governance Institute and The Chartered Governance Institute.