The board of directors of Capital Finance Holdings Limited announced that Mr. Yang has resigned as the executive Director, chief operating officer and compliance officer of the company, all with effect from 19 December 2019 due to his other business commitments which require more of his dedication. The Board further announced that following the resignation of Mr. Yang, Ms. Li Wei ("Ms. Li"), the executive Director, vice chairlady and deputy chief executive officer of the company, has been appointed as the compliance officer of the company with effect from 19 December 2019.