The board of directors of China Assurance Finance Group Limited announced that Mr. Chow Shiu Ki ("Mr. Chow") who has tendered his resignation as an independent non-executive Director with effect from 5 March 2021 due to his own other business commitment which requires more of his time. Mr. Chow has confirmed that he has no disagreement with the Board and there is no matter in respect of his resignation above which needs to be brought to the attention of The Stock Exchange of Hong Kong Limited, other regulatory authorities or the shareholders of the Company.