The board of directors of Youth Champ Financial Group Holdings Limited announced the following appointments: Ms. Guo Yanchun and Mr. Chen Huaiyuan have been appointed as the non-executive Directors with effect from 1 April 2022. Ms. Guo served as the head of the finance department of a state administrative institution, the deputy general manager of the administration office of China Taiping Insurance (Hong Kong) Company Limited and the chairman of the board of directors of Hong Kong Xing Ying Group. Mr. Chen served as a consultant and director of CITIC Merchant Enterprise Management Limited from 2020 to 2021, and started to serve as its chairman of the board of directors in 2022.

Mr. Lam King 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 with effect from 1 April 2022. Mr. Lam is currently an independent non-executive director of China New Economy Fund Limited since 13 January 2022.