Yunfeng Financial Group Limited announced that Mr. Fang Lin has been appointed as executive director of the Company with effect from 10 July 2023. Mr. Fang, aged 52, had served China Pacific Insurance (Group) Co. Ltd. and its affiliates and branches for over 20 years in various capacities including secretary of the board of directors, assistant to president, executive member of management committee, marketing director and deputy general manager.

Thereafter, he had served as the chairman, chairman of the executive committee and chief executive officer of FTLife Insurance Company Limited. Prior to joining the Group, Mr. Fang was the deputy general manager of Realord Group Holdings Limited (a company listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), stock code: 1196). Mr. Fang holds a Bachelor of Mechanical Engineering degree from South China University of Technology in the PRC, a Master of Business Administration degree from Antai College of Economics and Management of Shanghai Jiao Tong University in the PRC, and an Executive Master of Business Administration degree from Cheung Kong Graduate School of Business in the PRC.

With effect from 10 July 2023, Mr. Huang Xin ceases to be the Interim Chief Executive Officer and will remain as the executive director of the Company. Mr. Fang will also replace Mr. Huang Xin as the Authorised Representative of the Company.