China Financial Leasing : APPOINTMENT OF DIRECTOR AND MEMBER OF INVESTMENT COMMITTEE

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CHINA FINANCIAL LEASING GROUP LIMITED

中 國 金 融 租 賃 集 團 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2312)

APPOINTMENT OF DIRECTOR

AND

MEMBER OF INVESTMENT COMMITTEE

The board (the "Board") of directors (the "Directors") of China Financial Leasing Group Limited (the "Company") announces that:

Mr. Lui Cheuk Hang Henri ("Mr. Lui") has been appointed as the Company's executive Director and member of investment committee with effect from 9 April 2021.

APPOINTMENT OF DIRECTOR AND MEMBER OF INVESTMENT COMMITTEE

The Board announces that Mr. Lui Cheuk Hang Henri ("Mr. Lui") has been appointed as the executive Director and member of investment committee of the Company with effect from 9 April 2021.

Mr. Lui

Mr. Lui, age 47, obtained his Bachelor of Commerce degree from University of Toronto in 1995. Mr. Lui is also a charter holder of Chartered Financial Analyst since 2001. Mr. Lui has over 25 years of experiences in the securities and financial industry, serving various roles as financial analyst, responsible officer in brokerage house and asset management firms.

Mr. Lui is a responsible officer of Socius Asset Management Limited, a company licensed to carry out Type 4 (advising in securities) and Type 9 (asset management) regulated activities under Securities and Futures Ordinance (Cap.571) (the "SFO").

• For identification purpose only

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Save as disclosed above, Mr. Lui does not hold any other positions with the Company or its subsidiaries, nor has he held any directorships in other listed public companies in the past three years. Mr. Lui does not have any relationships with other Directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Lui does not have any interests in the shares of the Company within the meaning of Part XV of the SFO.

Mr. Lui has entered into an appointment letter with the Company with no specific term for appointment. In accordance with the articles of association of the Company, Mr. Lui is subject to retirement at the Company's next annual general meeting after his appointment and thereafter subject to retirement by rotation at least once in every three years. The remuneration of Mr. Lui is HK$480,000 per annum which is determined by the Board with reference to his respective qualifications and experiences, his respective duties and responsibilities with the Company, the Company's performance and the prevailing market situation.

Save as disclosed above, there is no information relating to the appointment of Mr. Lui that needs to be brought to the attention of the holders of securities of the Company nor is there any information to be disclosed by the Company pursuant to the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange.

The Board warmly welcomes Mr. Lui's joining to the Board.

For and on behalf of the Board

CHINA FINANCIAL LEASING GROUP LIMITED

Liu Hailong

Chairman

Hong Kong, 9 April 2021

As at the date of this announcement, the board of Directors of the Company comprises Mr. Chiu Wai Lap and Mr. Lui Cheuk Hang Henri as executive Directors, Mr. Liu Hailong (Chairman), Mr. Liu Yang (Vice Chairman) and Mr. Xiao Shen as non-executive Directors, Mr. Wang Ruiyang, Mr. Lam Wai Tsin and Mr. Luk Chi Shing as independent non- executive Directors.

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