Flying Financial Service Holdings Limited announced the appointment of Mr. KAM Hou Yin, John (Mr. Kam') as an independent non-executive Director, a chairman of the audit committee and a member of each of the nomination committee and the remuneration committee, with effect from 23 February 2023; and Ms. CHONG Kan Yu (Ms. Chong') as an independent non-executive Director, a chairlady of the Nomination Committee and a member of each of the Audit Committee and Remuneration Committee, with effect from 23 February 2023. Mr. Kam, aged 50, is a member of Standing Committee of National Committee of the Chinese People's Political Consultative Conference of Futian District, Shenzhen. Mr. Kam holds the degree of Master of Business Administration from The Tsinghua University in China and The University of Manchester in the United Kingdom.

He is a fellow member of The Association of Chartered Certified Accountants and a member of The Hong Kong Institute of Certified Public Accountants. Mr. Kam has over 20 years' experience in corporate, personal and interbank business. Mr. Kam was the Senior Partner of Shenzhen Zhujin Supply Chain Management Co.

Ltd. from November 2018 to December 2020. He was appointed as an Executive Director and Chief Executive Officer of Century Ginwa Retail Holdings Limited from 2 May 2017 to October 2018 and was Zone Manager -- Corporate Banking Division and General Manager of Shenzhen Branch of The Bank of East Asia (China), Limited from July 2012 to March 2017 and Zone Manager (Western China) -- Corporate Banking Division and General Manager of Xi'an Branch of The Bank of East Asia (China), Limited from November 2006 to June 2012. Mr. Kam was appointed as Co-Chief Executive Officer of DTXS Silk Road Investment Holdings Company Limited from 12 March 2021 and he was an executive director and chief executive officer of DTXS Silk Road Investment Holdings Company Limited during the period from September 2021 to November 2022.

Mr. Kam has been an independent non-executive director of China Ocean Group Development Limited since March 2020. Ms. Chong, age 58, been a general manager of Nam Yu International Investment Company Limited since 1989. Ms. Chong has been a director of Vigor Development (China) Company Limited since 1992 and a director of Bestowal Investment Holdings Limited since 2000.

Ms. Chong has over 20 years' experience in trading, logistic and real estate and property development. Ms. Chong holds various positions in different social and commercial associations. She was the special committee member of Chinese People's Political Consultative Conference of Dongguang (Hong Kong and Macau), the honorary chairman of the Women's Federation of Guangdong Provincial Association for the Promotion of Exchanges Across Taiwan Straits and the vice-chairman of the Houjie branch of Dongguan Waishang Investment Enterprise Association and the honorary chairman of Overseas Friendship Association of Dongguan.

Ms. Chong is currently a special representative of Shenzhen of All-China Women's Federation Hong Kong Delegates and the vice-chairman of the Agriculture Committee of Guangdong Provincial Association for the Promotion of Exchanges Across Taiwan Straits. The company also announced the resignation of the independent non-executive Director. Dr. Vincent Cheng (Dr. Cheng')and Dr. Miao Bo (Dr. Miao') have decided to move the effective date of his resignation to 23 February 2023 due to their personal consideration.

Dr. Cheng will resign from his position as an independent non-executive Director with effect from 23 February 2023 due to his other business commitments. Upon his resignation, Dr. Cheng also ceased to act as a member of each of the Audit Committee and Nomination Committee with effect from 23 February 2023. Dr. Cheng has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention to the shareholders of the Company.

Dr. Miao will resign from his position as an independent non-executive Director with effect from 23 February 2023 due to his other business commitments. Upon his resignation, Dr. Miao also ceased to act as a member of each of the Audit Committee, Remuneration Committee and Nomination Committee with effect from 23 February 2023. Dr. Miao has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention to the shareholders of the Company.

The Board announced that Mr. Chow Chi Wing (Mr. Chow) has resigned as the company secretary of the Company and has ceased to act as an authorised representative of the Company and as an authorised representative of the Company for accepting the service of process or notice in Hong Kong under Part 16 of Companies Ordinance with effect from 23 February 2023 due to his other personal commitments. Mr. Chow has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board also announced that Mr. Leung Man Kit (`Mr. Leung') has been appointed as the Company Secretary and the Authorised Representatives in replacement of Mr. Chow with effect from 23 February 2023.

Mr. Leung is a Fellow Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants as well as a Fellow Member of the Association of International Accountants, Fellow Member of the Taxation Institute of Hong Kong and also an Associate Member of The Society of Chinese Accountants and Auditors. He obtained a Master Degree of Business Administration in Financial Management from The University of Hull in the United Kingdom. Mr. Leung has many years of audit and tax experience from various listed and private companies in Hong Kong and the PRC.