The board of directors of Yunfeng Financial Group Limited announced that with effect from 28 September 2022: Mr. Cheung David has resigned as chief executive officer of the company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to his own family reason. Mr. Cheung will cease to hold other positions in the Group. Mr. Huang Xin, an executive director of the Company, shall assume the role of interim chief executive officer of the Company.

Mr. Huang Xin has replaced Mr. Cheung David as the Authorised Representative of the company. Mr. Huang Xin, aged 46, was appointed as an executive director and a member of the remuneration committee of the Company in November 2015. Mr. Huang is currently director of several subsidiaries of the Company.

Mr. Huang is a partner and a member of the investment committee of Yunfeng Capital. Mr. Huang served as vice president of Shanghai Kaituo Capital Limited from 2006 to 2010, where he was in charge of various investments. Mr. Huang was vice president of finance at Target Media Holdings Limited from 2005 to 2006, where Mr. Huang managed its daily financial operations and led its equity financing and merger and integration with Focus Media Holding Limited.

Mr. Huang worked at General Electric Company from 1997 to 2005. Mr. Huang obtained a master of business administration degree from China Europe International Business School, the PRC in October 2011 and a bachelor's degree in accounting from Fudan University, the PRC in July 1997. Mr. Huang is currently a director of YTO Express Group Co.

Ltd. which is listed on the Shanghai Stock Exchange and he was a director of Sanxiang Impression Co. Ltd. which is listed on the Shenzhen Stock Exchange until 29 June 2021. Mr. Huang is also a director of Jade Passion Limited, the controlling shareholder of the Company.