The board of directors of Power Financial Group Limited announced the following: Ms. Fung Mei Ling ("Ms. Fung") has tendered her resignation as the company secretary of the Company ("Company Secretary"); the authorised representative of the Company ("Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities ("Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and the authorised representative of the Company for the acceptance of service of process and notices in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and Rule 19.05(2) of the Listing Rules ("Process Agent"), in each case, with effect from 1 May 2023; and following the resignation of Ms. Fung, Mr. Chu Ho Man ("Mr. Chu") will be appointed as the Company Secretary, the Authorised Representative and the Process Agent, all with effect from 1 May 2023. Mr. Chu, aged 28, will be appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 1 May 2023. He joined the Group on 21 November 2022 as the financial controller of the Group.

Mr. Chu obtained the Bachelor of Commerce (Accounting) in Curtin University of Technology in 2016. Mr. Chu is a certified public accountant of The Hong Kong Institute of Certified Public Accountants. Mr. Chu has over 7 years of experience in the field of auditing and accounting.

Prior to joining the Company, Mr. Chu served for a number of renowned audit firms in Hong Kong, including PricewaterhouseCoopers.