The board of directors of LUZHENG FUTURES Company Limited announced that Ms. NG Wing Shan has tendered her resignation as the joint company secretary of the Company (the "Joint Company Secretary") and the process agent for the acceptance of service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from 10 March 2022. The Board further announced that Mr. NGAI Wai Fung ("Mr. Ngai") has been appointed as the Joint Company Secretary and the Process Agent with effect from 10 March 2022. Mr. Ngai is the Director and Group Chief Executive Officer of SWCS Corporate Services Group (Hong Kong) Limited.

Mr. Ngai has over 30 years of professional practice and senior management experience including acting as the executive director, chief financial officer and company secretary, most of which are in the areas of finance, accounting, internal control, regulatory compliance, corporate governance and company secretarial work for listed issuers including major red chips companies. Reference is made to the waiver (the "Waiver") granted to the Company by the Stock Exchange from strict compliance with the requirements of Rules 3.28 and 8.17 of the Listing Rules in respect of the eligibility of Mr. Liang Zhongwei ("Mr. Liang") to act as a Joint Company Secretary for a period of three years from the date of Mr. Liang's appointment as the Joint Company Secretary, i.e. 21 June 2019 (the "Waiver Period"), on the condition that Mr. Liang would be assisted by Ms. Ng, who possesses the qualifications required under Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"), during the Waiver Period. Mr. Liang Zhongwei (without former name), joined the Company in March 2009.

At present, he is a member of the party committee, an executive Director, a staff representative Director, secretary to the Board, as well as the director of the Office of the Board of the Company.