CASH Financial Services Group Limited announced that with effect from 22 May 2023: Mr. Chan Ching Wan Alpha has been appointed as an executive director and chief operating officer of the Company; Mr. Cheung Wai Lim William has resigned as an executive director and chief operating officer of the Company; and Mr. Cheung Wai Lim William has also ceased to be an authorised representative of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules") and Mr. Law Hin Ong Trevor, an executive director and deputy chief financial officer of the Company, has been appointed as the Authorised Representative. Mr. Chan Ching Wan Alpha, aged 46, is appointed as an executive director and chief operating officer of the Company overseeing the asset management business and overall daily operation of the Group. He has also been appointed as directors of subsidiaries of the Company.

He has extensive experience and solid track records in the fields of investment management including equities, fixed income and derivatives. Mr. Chan received a Bachelor of Arts in Management (Operations) Degree from The Hong Kong Polytechnic University. He is a Chartered Financial Analyst.

Mr. Cheung Wai Lim William ("Mr Cheung") has resigned from his position as an executive director and chief operating officer of the Company with effect from 22 May 2023 due to his other personal engagement. He has also resigned from all subsidiaries of the Company of all directorships. The Board would like to express its gratitude to Mr. Cheung for his valuable efforts and contribution to the Board during his tenure of office.

The Board also announces that Mr. Cheung has also ceased to be an Authorised Representative pursuant to Rule 3.05 of the Listing Rules with effect from 22 May 2023 following his resignation. The Board further announces that Mr. Law Hin Ong Trevor, an executive director and deputy chief financial officer of the Company, has been appointed as the Authorised Representative with effect from 22 May 2023.