Allied Group Limited announced that Mr. Akihiro Nagahara ("Mr. Nagahara") has been appointed as the Vice Chairman and a Non-Executive Director of the Company which will take effect from 1st March, 2023. Mr. Nagahara, aged 82, is an acknowledged expert in the consumer finance business in Hong Kong and is credited with the successful establishment of Public Finance Limited (formerly known as JCG Finance Company, Limited). He is also the chairman of The Hong Kong S.A.R. Licensed Money Lenders Association Limited, a position he has held since its establishment in 1999, which is the only industry representative association of licensed money lenders in Hong Kong.

Mr. Nagahara holds a Law Degree from the National Taiwan University and a Master's Degree from the Graduate School in Law of the National Hitotsubashi University of Japan where he also completed his doctorate courses. Mr. Nagahara was awarded an Honorary Fellowship of the Chinese University of Hong Kong in May 2016. He joined United Asia Finance Limited ("UAF", a subsidiary of the Company) in September 1993 and was its Managing Director and Chief Executive Officer until his redesignation as a non-executive director and an advisor of UAF on 1st January 2023.

He was formerly a director of various subsidiaries of UAF. He is also a director of a subsidiary of the Company.