Flying Financial Service Holdings Limited announced that, Mr. Zheng Weijing has tendered his resignation as the chairman, executive Director, Chief Executive Officer (the "CEO"), authorised representative and compliance officer of the Company with effect from 26 March 2021 in view of, among others, his custody by the relevant PRC authorities. He has also resigned from all his other positions in the Group with effect from 26 March 2021. Mr. Zheng confirmed that, save as disclosed in this announcement, he has no disagreement with the Board and there is no other matter which needs to be brought to the attention of the shareholders of the Company (the "Shareholders") in relation to his resignation. The Board further announces that Mr. Zhang Gongjun ("Mr. Zhang"), an executive Director, has been redesignated as the chairman, CEO, authorised representative and compliance officer of the Company to replace Mr. Zheng with effect from 26 March 2021. Following the resignation of Mr. Zheng as, among others, an executive Director, he has also ceased to be the chairman of the Nomination Committee of the Board with effect from 26 March 2021. Mr. Zhang has been appointed as the Chairman of the Nomination Committee to replace Mr. Zheng with effect from 26 March 2021.