Central Wealth Group Holdings Limited announced that Mr. Xu Ke has resigned as an executive director of the Company with effect from 28 December 2021 due to the adjustment of the management team of the Company. Upon his resignation, Mr. Xu has ceased to be a member of the Executive Committee of the Company. Mr. Xu will continue to devote his endeavours in serving as the Director of Central Wealth Asset Management Limited. The Board announced that Mr. Wang Jun has been appointed as an executive director, the chief executive officer and a member of the Executive Committee of the Company with effect from 28 December 2021. Mr. Wang previously worked in several well-known financial institutions and has over 8 years of experience in investment banking, asset management and equity investment. Mr. Wang currently is a Director of Central Wealth Securities Investment Limited.