THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in China Fortune Financial Group Limited, you should at once hand this circular and the accompanying form of proxy to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 290)

Website: http://www.290.com.hk

PROPOSALS FOR

  1. GRANT OF GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES;
    1. RE-ELECTIONOF RETIRING DIRECTORS;
  1. REFRESHMENT OF THE SCHEME MANDATE LIMIT UNDER THE SHARE OPTION SCHEME; AND
    1. NOTICE OF ANNUAL GENERAL MEETING

A notice convening the annual general meeting of China Fortune Financial Group Limited to be held at 43rd Floor, COSCO Tower, 183 Queen's Road Central, Hong Kong on Thursday, 27 August 2020 at 11:00 a.m. is set out on pages 19 to 23 of this circular. A form of proxy for use at the annual general meeting is enclosed with this circular. Whether or not you are able to attend the meeting, you are requested to complete the accompanying form of proxy in accordance with the instructions printed thereon and return the same to the Company's branch share registrar and transfer office in Hong Kong, Union Registrars Limited at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong as soon as possible, and in any event not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof (as the case may be). Completion and return of the form of proxy will not preclude you from attending and voting in person at the meeting or any adjournment thereof, should you so wish.

PRECAUTIONARY MEASURES FOR THE AGM

Please refer to page ii of this circular for measures being taken to prevent and control the spread of COVID-19, including:

  • compulsory temperature checks;
  • health declarations;
  • recommended wearing of surgical face masks; and
  • no distribution of corporate gifts and no serving of refreshments.

Any person who does not comply with the precautionary measures may be denied entry into the AGM venue. The Company encourages attendees to wear face masks and reminds Shareholders that they may appoint the chairman of the meeting as their proxy to vote on the relevant resolutions at the AGM as an alternative to attending the AGM in person.

24 July 2020

CONTENTS

Page

PRECAUTIONARY MEASURES FOR THE AGM..............................................................

ii

DEFINITIONS............................................................................................................................

1

LETTER FROM THE BOARD

1. Introduction..............................................................................................................

3

2. Proposed grant of the Issue Mandate,

  the Repurchase Mandate and the Extension Mandate..........................................

4

3.

Proposed re-election of retiring Directors................................................................

5

4.

Proposed refreshment of the Scheme Mandate Limit...............................................

5

5.

The AGM..................................................................................................................

7

6.

Record date for AGM...............................................................................................

7

7.

Recommendations....................................................................................................

8

8.

Responsibility Statement..........................................................................................

8

APPENDIX I - EXPLANATORY STATEMENT FOR THE

REPURCHASE MANDATE.............................................................

9

APPENDIX II - BIOGRAPHY OF DIRECTORS PROPOSED

TO BE RE-ELECTEDAT THE AGM.............................................

12

NOTICE OF ANNUAL GENERAL MEETING.....................................................................

19

- i -

PRECAUTIONARY MEASURES FOR THE AGM

In view of the ongoing spread of COVID-19 pandemic and recent requirements for prevention and control of its spread, the Company will implement the following preventive measures at the AGM to protect attending Shareholders, staff and other stakeholders from the risk of infection:

  1. compulsory body temperature checks will be conducted on every attending Shareholder, proxy and other attendees at the entrance of the AGM venue. Any person with a body temperature of over 37.4 degrees Celsius may be denied entry into the AGM venue or be required to leave the AGM venue;
  2. all attending Shareholders, proxies and other attendees are required to complete and submit at the entrance of the AGM venue a declaration form confirming their names and contact details, and confirming that they have not travelled to, or to their best of knowledge had physical contact with any person who has recently travelled to, any pandemic affected countries or areas outside of Hong Kong (as per guidelines issued by the Hong Kong government at www. chp.gov.hk/en/features/102742.html) at any time in the preceding 14 days. Any person who does not comply with this requirement may be denied entry into the AGM venue or be required to leave the AGM venue;
  3. the Company encourages attendees to wear surgical face masks inside the AGM venue at all times, and to maintain a safe distance between seats; and
  4. no refreshments will be served, and there will be no corporate gifts.

To the extent permitted under law, the Company reserves the rights to deny entry into the AGM venue or require any person to leave the AGM venue in order to ensure the safety of the attendees at the AGM.

The Company reminds all Shareholders that physical attendance in person at the AGM is not necessary for the purpose of exercising voting rights in the Company. As an alternative, by using proxy forms with voting instructions inserted, Shareholders may appoint the chairman of the AGM as their proxy to vote on the relevant resolutions at the AGM instead of attending the AGM in person.

The proxy form is attached to this circular for Shareholders who opt to receive physical circulars. Alternatively, the proxy form can be downloaded from the website of Hong Kong Exchanges and Clearing Limited, at www.hkexnews.hk and the website of the Company at www.290.com.hk respectively. If you are not a registered Shareholder (if your Shares are held via banks, brokers, custodians or the Hong Kong Securities Clearing Company Limited), you should consult directly with your banks or brokers or custodians (as the case may be) to assist you in the appointment of proxy.

- ii -

DEFINITIONS

In this circular, unless otherwise defined, terms used herein shall have the following meanings:

"AGM"

the annual general meeting of the Company to be convened and

held at 43rd Floor, COSCO Tower, 183 Queen's Road Central,

Hong Kong on Thursday, 27 August 2020 at 11:00 a.m. or any

adjournment thereof;

"Articles of Association"

the articles of association of the Company as amended from time

to time;

"Board"

the board of Directors;

"close associates"

has the meaning ascribed to it/them under the Listing Rules;

"Company"

China Fortune Financial Group Limited, a company incorporated

in the Cayman Islands with limited liability, the issued shares of

which are listed on the main board of the Stock Exchange;

"core connected person"

has the meaning ascribed to it/them under the Listing Rules;

"Director(s)"

the director(s) of the Company;

"Extension Mandate"

a general and unconditional mandate to be granted to the Directors

to the effect that the total number of Shares which may be allotted

and issued under the Issue Mandate may be increased by an

additional number representing such number of Shares actually

repurchased under the Repurchase Mandate set out as Resolution

no. 6 in the Notice of AGM;

"Group"

the Company and its subsidiaries;

"Hong Kong"

the Hong Kong Special Administrative Region of the PRC;

"Issue Mandate"

a general and unconditional mandate to be granted to the Directors

to exercise the powers of the Company to allot, issue and deal

with new Shares not exceeding 20% of the total number of issued

Shares as at the date of the passing of the relevant resolution set

out as Resolution no. 4 in the Notice of AGM;

"Latest Practicable Date"

20 July 2020, being the latest practicable date prior to the printing

of this circular for ascertaining certain information for inclusion in

this circular;

"Listing Rules"

The Rules Governing the Listing of Securities on the Stock

Exchange;

- 1 -

DEFINITIONS

"Notice of AGM"

the notice convening the AGM as set out on pages 19 to 23 of this

circular

"PRC"

The People's Republic of China which for the purpose of this

circular excludes Hong Kong, The Macau Special Administrative

Region of the PRC and Taiwan;

"Repurchase Mandate"

a general and unconditional mandate to be granted to the Directors

to exercise all the powers of the Company to repurchase Shares

on the Stock Exchange which shall not exceed 10% of the total

number of issued Shares as at the date of the passing of the

relevant resolution set out as Resolution no. 5 in the Notice of

AGM;

"Scheme Mandate Limit"

the maximum number of Shares which may be issued upon the

exercise of all the share options to be granted under the Share

Option Scheme which initially shall not, in aggregate, exceed 10%

of the Shares in issue as at the date of the approval of the Share

Option Scheme by the Shareholders and thereafter, if refreshed

shall not exceed 10% of the Shares in issue as at the date of

approval of the refreshed limit by the Shareholders;

"SFO"

the Securities and Futures Ordinance (Chapter 571 of the Laws of

Hong Kong);

"Share(s)"

ordinary share(s) of HK$0.01 each in the share capital of the

Company;

"Shareholder(s)"

holder(s) of Share(s);

"Share Option Scheme"

the share option scheme of the Company adopted on 19 August

2011;

"Stock Exchange"

The Stock Exchange of Hong Kong Limited;

"Takeovers Code"

The Codes on Takeovers and Mergers;

"HK$"

Hong Kong dollars, the lawful currency of Hong Kong; and

"%"

per cent.

- 2 -

LETTER FROM THE BOARD

China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 290)

Website: http://www.290.com.hk

Executive Directors:

Registered Office:

Mr. XIE Zhichun (Chairman)

P.O. Box 309, Ugland House

Mr. ZHU Yi (Chief Executive Officer)

Grand Cayman, KY1-1104

Ms. SUN Qing

Cayman Islands

Non-Executive Directors:

Head Office and Principal Place of

Mr. HAN Hanting

Business in Hong Kong:

Mr. CHEN Zhiwei

43rd Floor, COSCO Tower

Mr. WU Ling

183 Queen's Road Central

Independent Non-Executive Directors:

Hong Kong

Mr. CHAN Kin Sang

Mr. CHIU Kung Chik

Mr. LI Gaofeng

Mr. LIU Xin

24 July 2020

To the Shareholders

Dear Sir or Madam,

PROPOSALS FOR

  1. GRANT OF GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES;
    1. RE-ELECTIONOF RETIRING DIRECTORS;
  1. REFRESHMENT OF THE SCHEME MANDATE LIMIT UNDER THE SHARE OPTION SCHEME; AND
    1. NOTICE OF ANNUAL GENERAL MEETING

INTRODUCTION

The purpose of this circular is to provide you with information regarding the resolutions to be proposed at the AGM and to give you notice of the AGM. Resolutions to be proposed at the AGM include, among other things, (i) the grant of the Issue Mandate; (ii) the grant of the Repurchase Mandate; (iii) the grant of the Extension Mandate; (iv) the re-election of retiring Directors; and (v) the refreshment of the Scheme Mandate Limit.

- 3 -

LETTER FROM THE BOARD

PROPOSED GRANT OF THE ISSUE MANDATE, THE REPURCHASE MANDATE AND THE EXTENSION MANDATE

Issue Mandate

At the AGM, an ordinary resolution will be proposed to grant to the Directors a general and unconditional mandate to exercise the powers of the Company to allot, issue and deal with unissued Shares not exceeding 20% of the total number of Shares in issue as at the date of passing of the relevant resolution at the AGM. As at the Latest Practicable Date, a total of 9,153,078,859 Shares were in issue. Subject to the passing of the proposed resolution granting the Issue Mandate to the Directors and on the basis that no Shares will be issued or repurchased by the Company prior to the AGM, the Company will be allowed under the Issue Mandate to issue a maximum of 1,830,615,771 Shares.

Repurchase Mandate

At the AGM, an ordinary resolution will be proposed to grant to the Directors a general and unconditional mandate to exercise all powers of the Company to repurchase, on the Stock Exchange, or on any other stock exchange on which the Shares may be listed, such number of Shares not exceeding 10% of the total number of Shares in issue as at the date of passing of the relevant resolution at the AGM. As at the Latest Practicable Date, a total of 9,153,078,859 Shares were in issue. Subject to the passing of the proposed resolution granting the Repurchase Mandate to the Directors and on the basis that no Shares will be issued or repurchased by the Company prior to the AGM, the Company will be allowed under the Repurchase Mandate to repurchase a maximum of 915,307,885 Shares.

Under the Listing Rules, the Company is required to give to its Shareholders all information which is reasonably necessary to enable Shareholders to make an informed decision as to whether to vote for or against the resolution in respect of the Repurchase Mandate at the AGM. An explanatory statement for such purpose is set out in Appendix I to this circular.

Extension Mandate

In addition, an ordinary resolution will also be proposed at the AGM to extend the Issue Mandate by an addition of an amount representing the number of Shares repurchased under the Repurchase Mandate.

The Repurchase Mandate and the Issue Mandate would expire at the earliest of: (a) the conclusion of the next annual general meeting of the Company; or (b) the expiration of the period within which the next annual general meeting of the Company is required by the Articles of Association or any applicable laws to be held; or (c) revocation or variation by an ordinary resolution of the Shareholders in a general meeting.

- 4 -

LETTER FROM THE BOARD

PROPOSED RE-ELECTION OF RETIRING DIRECTORS

Pursuant to Article 99 of the Articles of Association, Ms. SUN Qing and Mr. LIU Xin ("Mr. Liu") shall hold office until the AGM and, being eligible, offer themselves for re-election at the AGM.

Pursuant to Article 116 of the Articles of Association, Mr. HAN Hanting, Mr. WU Ling, Mr. CHAN Kin Sang ("Mr. Chan") and Mr. LI Gaofeng ("Mr. Li") shall retire from office by rotation and, being eligible, offer themselves for re-election at the AGM.

According to the terms of reference of the nomination committee of the Company (the "Nomination Committee"), the Nomination Committee will make recommendations to the Board on the appointment and re-appointment of the Directors. In proposing an independent non-executive Director for re-election at the AGM, the Nomination Committee has reviewed and considered, among others, the key attributes (including age, seniority, qualifications, area of expertise and experience of the retiring independent non-executive Directors) to the Board and requirements pertaining to independence, continuity, professional competence and diversity of the Board.

Mr. Chan is a practising solicitor in Hong Kong and has over 30 years of legal experience. Mr. Li is a non-practicing member of the Chinese Institute of Certified Public Accountants and has rich experience in finance, investment and investor relations whereas Mr. Liu holds a master's degree in Economics and a doctor's degree majoring in Economics and has extensive experience and knowledge in finance and investment banking. The Nomination Committee considered that Mr. Chan, Mr. Li and Mr. Liu (i) have professional background and experience which are relevant to the operation or businesses of the Group; and (ii) can contribute to diversity of the Board in terms of seniority, qualifications, area of expertise and experience. The Nomination Committee has also reviewed and assessed the annual independence confirmation provided by each of Mr. Chan, Mr. Li and Mr. Liu to the Board confirming that they have satisfied all the independence criteria as set out in Rule 3.13 of the Listing Rules. The Nomination Committee considered that they remain independent.

Pursuant to Rule 13.74 of the Listing Rules, the biographical details of Ms. SUN Qing, Mr. HAN Hanting, Mr. WU Ling, Mr. Chan, Mr. Li and Mr. Liu are set out in Appendix II to this circular.

Proposed REFRESHMENT OF THE SCHEME MANDATE LIMIT

The Share Option Scheme was approved by the Shareholders and adopted on 19 August 2011. As approved by the Shareholders at the annual general meeting of the Company held on 30 August 2018 (the "2018 AGM"), the Scheme Mandate Limit of the Share Option Scheme was refreshed to allow the Company to grant share options for up to 708,607,885 Shares, representing approximately 10% of the total number of issued Shares as at the date of the 2018 AGM and approximately 7.74% of the total number of issued Shares as at the Latest Practicable Date. Save for the Share Option Scheme, the Company has no other share option scheme in force as at the Latest Practicable Date.

- 5 -

LETTER FROM THE BOARD

Since the adoption of the Scheme Option Scheme on 19 August 2011 and up to the Latest Practicable Date, no share option has been granted, exercised, lapsed or cancelled thereunder. There is no share option under any other schemes of the Company which has been granted but remains outstanding or unexercised as at the Latest Practicable Date.

Reasons for the proposed refreshment of the Scheme Mandate Limit

The Board is of the view that due to the recent downward adjustments made to the remuneration structure of the Group's employees, the Company intends to, where appropriate and subject to compliance with the terms of the Share Option Scheme, grant share options under the Share Option Scheme to eligible persons to (i) complement the downward adjustments made to the remuneration structures of eligible persons under the Share Option Scheme; and (ii) act as incentives and rewards to such eligible persons who contribute to the success of the Group's operations, following the refreshment of the Scheme Mandate Limit.

In order to provide the Company with greater flexibility as to the maximum number of share options which may be granted to the eligible persons under the Share Option Scheme, the Board proposes to seek approval from the Shareholders to refresh the Scheme Mandate Limit at the AGM. The Directors consider that such refreshment of the Scheme Mandate Limit is in the interest of the Company and the Shareholders as a whole.

As at the Latest Practicable Date, the total number of Shares in issue was 9,153,078,859. Assuming there is no change in the total number of issued Shares between the period from the Latest Practicable Date and the date of the AGM, upon the approval by the Shareholders of the refreshment of the Scheme Mandate Limit, the Directors will be authorized to grant share options for up to 915,307,885 Shares, representing approximately 10% of the total number of issued Shares as at the date of the AGM.

Share options previously granted under the Share Option Scheme and any other share option schemes of the Company (including those outstanding, cancelled, lapsed or exercised options) will not be counted for the purpose of calculating the Scheme Mandate Limit as refreshed. The aggregate number of Shares which may be issued upon the exercise of all outstanding options granted and yet to be exercised under the Share Option Scheme and any other schemes of the Company must not exceed 30% of the total number of Shares in issue from time to time.

The refreshment of the Scheme Mandate Limit is conditional upon:

  1. the passing of an ordinary resolution by the Shareholders at the AGM to approve such refreshment; and
  2. the Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Shares to be issued pursuant to the exercise of any options granted under the refreshed Scheme Mandate Limit.

An application will be made by the Company to the Listing Committee of the Stock Exchange for obtaining the approval mentioned in paragraph (b) above.

- 6 -

LETTER FROM THE BOARD

THE AGM

A notice convening the AGM to be held at 43rd Floor, COSCO Tower, 183 Queen's Road Central, Hong Kong on Thursday, 27 August 2020 at 11:00 a.m. is set out on pages 19 to 23 of this circular. A copy of the annual report of the Company for the year ended 31 March 2020 is despatched to the Shareholders together with this circular. Ordinary resolutions approving, among others, the grant of the Issue Mandate, the Repurchase Mandate, the Extension Mandate, the re-election of retiring Directors and the refreshment of the Scheme Mandate Limit will be proposed at the AGM.

A form of proxy for use at the AGM is enclosed with this circular. Whether or not you are able to attend the AGM, you are requested to complete the accompanying form of proxy in accordance with the instructions printed thereon and return the same to the Company's branch share registrar and transfer office in Hong Kong, Union Registrars Limited at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong as soon as possible, and in any event not less than 48 hours before the time appointed for the holding of the AGM or any adjournment thereof (as the case may be). Completion and return of the form of proxy shall not preclude the Shareholders from attending and voting in person at the AGM or any adjournment thereof should you so wish.

In accordance with Rule 13.39(4) of the Listing Rules, all votes of shareholders at a general meeting must be taken by poll. Accordingly, the chairman of the AGM will demand on poll for every resolution put to the vote at the AGM pursuant to Article 80 of the Articles of Association. The Company will announce the results of the poll in the manner prescribed under Rule 13.39(5) of the Listing Rules.

To the best of the Directors' knowledge, information and belief, having made all reasonable enquires, no Shareholder is required to abstain from voting on the resolutions to be proposed at the AGM under the Listing Rules.

RECORD DATE FOR AGM

In order to determine the eligibility of the Shareholders to attend and vote at the AGM of the Company which is scheduled to be held on Thursday, 27 August 2020, all duly completed transfer forms accompanied by the relevant share certificates must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Union Registrars Limited, at Suites 3301- 04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong for registration by no later than 4:00 p.m. on Friday, 21 August 2020. Shareholders whose names are recorded in the register of members of the Company on Friday, 21 August 2020 are entitled to attend and vote at the AGM.

- 7 -

LETTER FROM THE BOARD

RECOMMENDATIONS

The Directors consider that the proposed ordinary resolutions as set out in the Notice of AGM are in the best interests of the Company and the Shareholders as a whole, and accordingly, recommend all Shareholders to vote in favour of all the resolutions to be proposed at the AGM.

Your attention is drawn to the additional information set out in the appendices to this circular.

RESPONSIBILITY STATEMENT

This circular, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

By Order of the Board

China Fortune Financial Group Limited

ZHU Yi

Chief Executive Officer

and Executive Director

- 8 -

APPENDIX I

EXPLANATORY STATEMENT

for the REPURCHASE mandate

This appendix contains the particulars that are required by the Listing Rules to be included in an explanatory statement to enable the Shareholders to make an informed decision on whether to vote for or against the resolution to be proposed at the AGM in relation to the Repurchase Mandate.

  1. SHARE CAPITAL
    As at the Latest Practicable Date, the total number of Shares in issue was 9,153,078,859.
    Subject to the passing of the relevant ordinary resolution to approve the Repurchase Mandate (as set out in Resolution no. 5 of the notice of the AGM) and on the basis that no further Shares are issued or repurchased prior to the AGM, exercise in full of the Repurchase Mandate would allow the repurchase by the Company of a maximum of 915,307,885 Shares during the period as set out in Resolution no. 5 of the Notice of AGM, representing not more than 10% of the total number of issued Shares as at the Latest Practicable Date.
  2. REASONS FOR REPURCHASES
    The Directors have no present intention to repurchase any Shares but consider that the Repurchase Mandate is in the best interests of the Company and the Shareholders. Such repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net assets value of the Group and/or its earnings per Share and will only be made when the Directors believe that such a repurchase will benefit the Company and its Shareholders.
  3. FUNDING OF REPURCHASE
    In repurchasing Shares, the Company may only apply funds legally available for such purpose in accordance with the Articles of Association, the Listing Rules and the applicable laws of the Cayman Islands.
    There might be an adverse impact on the working capital or gearing position of the Company (as compared with its financial position as disclosed in the audited consolidated financial statements contained in the annual report for the year ended 31 March 2020) in the event that the Repurchase Mandate is exercised in full at any time during the proposed repurchase period. The Directors, however, do not propose to exercise the Repurchase Mandate to such an extent as would, in the circumstances, have a material adverse effect on the working capital requirements of the Company or the gearing levels which in the opinion of the Directors are from time to time be appropriate for the Company.

- 9 -

APPENDIX I

EXPLANATORY STATEMENT

for the REPURCHASE mandate

4. SHARE PRICES

The highest and lowest prices at which the Shares have been traded on the Stock Exchange in each of the twelve months preceding the Latest Practicable Date and up to the Latest Practicable Date were as follows:

Per Share

Highest

Lowest

HK$

HK$

2019

July

0.068

0.059

August

0.069

0.050

September

0.063

0.055

October

0.065

0.043

November

0.065

0.048

December

0.062

0.050

2020

January

0.062

0.050

February

0.060

0.050

March

0.060

0.038

April

0.049

0.040

May

0.065

0.041

June

0.064

0.046

July (up to and including the Latest Practicable Date)

0.065

0.047

5. INTENTION AND UNDERTAKING

None of the Directors nor, to the best of their knowledge and having made all reasonable enquiries, any of their respective close associates (as defined in the Listing Rules), have any present intention to sell any Shares to the Company or its subsidiaries under the Repurchase Mandate in the event that such mandate is approved by the Shareholders.

No core connected person of the Company (as defined in the Listing Rules) has notified the Company that he/she has a present intention to sell any Shares to the Company, or has undertaken not to do so in the event that the Repurchase Mandate is approved by the Shareholders.

The Directors have undertaken to the Stock Exchange that, so far as the same may be applicable, they will exercise the powers of the Company to make repurchases pursuant to the Repurchase Mandate in accordance with the Listing Rules, the applicable laws of the Cayman Islands and the Articles of Association.

- 10 -

APPENDIX I

EXPLANATORY STATEMENT

for the REPURCHASE mandate

  1. TAKEOVERS CODE CONSEQUENCE
    If a Shareholder's proportionate interest in the voting rights of the Company increases as a result of the Company exercises its powers to repurchase Shares pursuant to the Repurchase Mandate, such increase will be treated as an acquisition for the purposes of Rule 32 of the Takeovers Code. Accordingly, a Shareholder or a group of Shareholders acting in concert (within the meaning of the Takeovers Code) could obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rules 26 of the Takeovers Code.
    As at the Latest Practicable Date, Riverhead Capital (International) Management Co., Ltd. ("Riverhead Capital") (the single largest substantial Shareholder) beneficially held 2,744,350,000 Shares, representing approximately 29.98% of the issued share capital of the Company. Riverhead Capital is owned as to 80% by Mr. XIE Zhichun and as to 20% by Ms. XIE Juhan who is the daughter of Mr. XIE Zhichun. On the basis that no further Shares are issued or repurchased prior to the AGM and the shareholding of Riverhead Capital remains unchanged, in the event that the Directors exercise in full the power to repurchase Shares under the Repurchase Mandate, if so approved, in accordance with the terms of Resolution no. 5 as set out in the Notice of AGM, the shareholding of Riverhead Capital will be increased from approximately 29.98% to approximately 33.31%. Such increase would give rise to an obligation to make a mandatory offer in accordance with Rule 26 of the Takeovers Code. The Directors have no present intention to repurchase the Shares to the extent that (i) it will trigger the obligations under the Takeovers Code to make a mandatory offer or (ii) the number of Shares in the hands of public will fall below the prescribed minimum level of 25%.
  2. SHARE REPURCHASE MADE BY THE COMPANY
    The Company has not repurchased any Shares (whether on the Stock Exchange or otherwise) in the six months preceding the Latest Practicable Date.

- 11 -

APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

The following are the biographical details of the Directors who are proposed to be re-elected at the AGM:

EXECUTIVE DIRECTOR

Ms. SUN Qing ("Ms. Sun"), aged 59, was appointed as an executive Director in April 2020. She joined the Group in August 2019 and is currently the department head of the Executive Directors Office of the Group, responsible for human resources and administrative management of the Group. She is also a director of certain subsidiaries of the Group. Ms. Sun graduated from Beijing Correspondence College of Finance and Commerce in 1988 majoring in industrial accounting. Ms. Sun also obtained the accountant qualification awarded by the Ministry of Finance of the PRC in 1994.

Prior to joining the Group, Ms. Sun worked in Everbright Securities Company Limited (listed on both the main board of the Stock Exchange and the Shanghai Stock Exchange) for nearly 20 years, mainly responsible for the company's finance, human resources and comprehensive back office management. She has over 20 years of working experience in the financial industry and has extensive experience in various management tasks such as finance, auditing and human resources.

Save as disclosed above, Ms. Sun does not hold any other position in the Group and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

As at the Latest Practicable Date, Ms. Sun does not have any interest in the Shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Listing Rules).

Ms. Sun has entered into an employment contract with the Company for an initial term of one year with effect from the date of her appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the articles of association of the Company. Ms. Sun is entitled to a remuneration of HK$1,008,000 per annum which will be reviewed by the remuneration committee of the Company ("Remuneration Committee") on an annual basis and approved by the Board with reference to her duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions.

Save as disclosed above, there is no other matter that need to be brought to the attention of the Shareholders and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of the re-election of Ms. Sun at the AGM.

- 12 -

APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

NON-EXECUTIVE DIRECTORS

Mr. HAN Hanting ("Mr. Han"), aged 35, was appointed as an executive Director and a member of the Nomination Committee in October 2017. He was re-designated as a non-executive Director (the "Re-designation") and ceased to be a member of the Nomination Committee of the Company in September 2018. Mr. Han joined the Company in 2015 and was the Chief Operating Officer of the Company from November 2016 to September 2018. Mr. Han was an investment manager of a wholly-owned subsidiary of the Group during the period from 2009 to 2013. Mr. Han obtained a bachelor's degree from University of Warwick majoring in Mathematics, Operational Research, Statistics and Economics in 2006.

Prior to joining the Group, Mr. Han had worked as a researcher in CCB International Securities Limited. During the period from May 2013 to May 2016, he was an executive director of Momentum Financial Holdings Limited (formerly known as Infinity Financial Group (Holdings) Limited, listed on the main board of the Stock Exchange). Mr. Han has more than 10 years of experience in investment banking industry and had successfully led merger and acquisition projects for a number of Hong Kong listed companies.

Save as disclosed above, Mr. Han does not hold any other position in the Group and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

As at the Latest Practicable Date, Mr. Han does not have any interest in the Shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Listing Rules).

Mr. Han has entered into a letter of appointment with the Company for an initial term of one year in respect of the Re-designation with effect from the date of his Re-designation subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the Articles of Association. Mr. Han is entitled to a remuneration of HK$600,000 per annum which will be reviewed by the Remuneration Committee on an annual basis and approved by the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions.

Save as disclosed above, there is no other matter that need to be brought to the attention of the Shareholders and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of the re-election of Mr. Han at the AGM.

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APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

Mr. WU Ling ("Mr. Wu"), aged 66, was appointed as a non-executive Director in December 2011. Mr. Wu holds a bachelor's degree in Economics from Zhongnan University of Economics and Law. He is a senior economist and has over 20 years of experience in the area of banking and financial services related business in the PRC. Mr. Wu was an executive director and vice chairman of China Cinda (HK) Holdings Company Limited.

Save as disclosed above, Mr. Wu does not hold any other position in the Group and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

As at the Latest Practicable Date, Mr. Wu does not have any interest in the Shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Listing Rules).

Mr. Wu has entered into a letter of appointment with the Company for an initial term of one year with effect from the date of his appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the Articles of Association. Mr. Wu is entitled to a remuneration of HK$600,000 per annum which will be reviewed by the Remuneration Committee on an annual basis and approved by the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions.

Save as disclosed above, there is no other matter that need to be brought to the attention of the Shareholders and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of the re-election of Mr. Wu at the AGM.

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APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

INDEPENDENT NON-EXECUTIVE DIRECTORS

Mr. Chan, aged 68, was appointed as an independent non-executive Director in July 2014. He is also a member of the audit committee of the Company (the "Audit Committee"). Mr. Chan is currently a senior partner of Messrs. Peter K.S. Chan & Co., Solicitors and Notaries (a law firm which provides various services including corporate matters and litigations). Mr. Chan obtained a bachelor's degree in Laws from the University of Hong Kong in 1979 and a postgraduate certificate in Laws from the University of Hong Kong in 1980. He has been a practising solicitor in Hong Kong since April 1982 and has been admitted as a Notary Public since April 1997 and a China-appointed Attesting Officer since January 2000. Mr. Chan has also been a Fellow of The Hong Kong Institute of Directors since August 2004 and a chairman of the Appeal Tribunal (Buildings Ordinance Cap.123) since February 2007.

Mr. Chan is currently a non-executive director of Sino Harbour Holdings Group Limited (listed on the main board of the Stock Exchange), an independent non-executive director of Huakang Biomedical Holdings Company Limited (listed on the GEM of the Stock Exchange) and Pak Tak International Limited (listed on the main board of the Stock Exchange) and a director of Guanghe Landscape Culture Communication Co., Ltd., Shanxi (listed on the Shanghai Stock Exchange).

Over the past three years, Mr. Chan was a non-executive director of Pan Hong Holdings Group Limited from August 2006 to March 2020 (listed on the Singapore Exchange) and Link-Asia International Co. Ltd. (formerly known as China Healthcare Enterprise Group Limited, listed on the main board of the Stock Exchange) from October 2016 to July 2017. He was also an independent non-executive director of Luxking Group Holdings Limited from June 2005 to October 2019 (listed on the Singapore Exchange), Tianhe Chemicals Group Limited from May 2014 to September 2019 (listed on the main board of the Stock Exchange) and China Taifeng Beddings Holdings Limited from November 2009 to September 2017 (delisted from the main board of the Stock Exchange since February 2019).

Save as disclosed above, Mr. Chan does not hold any other position in the Group and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

As at the Latest Practicable Date, Mr. Chan does not have any interest in the Shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Listing Rules).

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APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

Mr. Chan has entered into an appointment letter with the Company for an initial term of one year with effective from the date of his appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the Articles of Association. He is entitled to a remuneration of HK$216,000 per annum which will be reviewed by the Remuneration Committee on an annual basis and approved by the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions.

Save as disclosed above, there is no other matter that need to be brought to the attention of the Shareholders and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of the re-election of Mr. Chan at the AGM.

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APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

Mr. Li, aged 46, was appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee in October 2017. Mr. Li graduated from Henan Institute of Finance and Economics with a bachelor's degree in Economics majoring in Investment Management in 1995. He further obtained a master's degree in Economics majoring in International Finance from Tianjin University of Finance and Economics in 1998. Mr. Li is a non-practicing member of the Chinese Institute of Certified Public Accountants.

Mr. Li has worked in the insurance and securities sectors for many years and has rich experience in finance, investment and investor relations. He worked for Sun Life Everbright Life Insurance Co., Ltd. for several years and served as deputy general manager, chief financial officer and chief investment officer. He also held senior management positions with the financial institutes such as securities companies and mutual funds in the PRC.

Save as disclosed above, Mr. Li does not hold any other position in the Group and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

As at the Latest Practicable Date, Mr. Li does not have any interest in the Shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Listing Rules).

Mr. Li has entered into a letter of appointment with the Company for an initial term of one year with effect from the date of his appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the Articles of Association. Mr. Li is entitled to a remuneration of HK$216,000 per annum which will be reviewed by the Remuneration Committee on an annual basis and approved by the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions.

Save as disclosed above, there is no other matter that need to be brought to the attention of the Shareholders and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of the re-election of Mr. Li at the AGM.

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APPENDIX II

BIOGRAPHY OF DIRECTORS PROPOSED TO BE

RE-ELECTED AT THE AGM

Mr. Liu, aged 64, was appointed as an independent non-executive Director in March 2020. He is also a member of each of the Audit committee, the Nomination committee and the Remuneration Committee. Mr. Liu graduated from Hubei University in 1982 with a bachelor's degree in Arts. He then further obtained a master's degree in Economics from Wuhan University in 1989 and a doctor's degree majoring in Economics from The University of Leeds in 2007. Mr. Liu was honoured as a Senior Economist by the People's Bank of China in 1996. He also published extensively in world class journals and books as a co-author with well-known British scholars. Mr. Liu is currently a senior advisor of Deloitte China.

Mr. Liu has extensive experience and knowledge in finance and investment banking. From 2007 to 2018, Mr. Liu worked in BNP Paribas Hong Kong Branch and was appointed as the managing director as well as the head of Global Risk Solutions (China) in Global Markets department and Fixed Income department. Mr. Liu also worked with China's State Administration of Foreign Exchange (SAFE) as the director of the Investment Division from 1989 to 2001, and accumulated rich knowledge in interpreting Chinese policy and regulations for the Chinese financial system.

Save as disclosed above, Mr. Liu does not hold any other position in the Group and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

As at the Latest Practicable Date, Mr. Liu does not have any interest in the Shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Listing Rules).

Mr. Liu has entered into a letter of appointment with the Company for an initial term of one year with effect from the date of his appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Liu is entitled to a remuneration of HK$216,000 per annum which will be reviewed by the Remuneration Committee on an annual basis and approved by the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions.

Save as disclosed above, there is no other matter that need to be brought to the attention of the Shareholders and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of the re-election of Mr. Liu at the AGM.

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NOTICE OF ANNUAL GENERAL MEETING

China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 290)

Website: http://www.290.com.hk

NOTICE IS HEREBY GIVEN that the annual general meeting (the "Meeting") of China Fortune Financial Group Limited (the "Company") will be held at 43rd Floor, COSCO Tower, 183 Queen's Road Central, Hong Kong on Thursday, 27 August 2020 at 11:00 a.m. for the following purposes:

  1. To receive, consider and adopt the audited consolidated financial statements and the reports of the directors of the Company (the "Directors") and the auditor of the Company for the year ended 31 March 2020.
  2. (a) To re-elect Ms. SUN Qing as an executive Director;
    1. To re-elect Mr. HAN Hanting as a non-executive Director;
    2. To re-elect Mr. WU Ling as a non-executive Director;
    3. To re-elect Mr. CHAN Kin Sang as an independent non-executive Director;
    4. To re-elect Mr. LI Gaofeng as an independent non-executive Director;
    5. To re-elect Mr. LIU Xin as an independent non-executive Director;
    6. To authorize the board of Directors (the "Board") to fix the Directors' remuneration; and
    7. To grant power to the Board to appoint additional Director(s).
  4. To re-appoint Grant Thornton Hong Kong Limited as auditor of the Company and to authorize the Board to fix their remuneration.

To consider, as special business and, if thought fit, pass with or without amendments, the following resolutions as ordinary resolutions:

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NOTICE OF ANNUAL GENERAL MEETING

4. "THAT:

  1. subject to paragraph (c) of this Resolution, and pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the exercise by the Directors during the Relevant Period (as defined hereinafter) of all the powers of the
    Company to allot, issue and deal with additional shares of HK$0.01 each in the share capital of the Company (the "Shares") and to make or grant offers, agreements and options (including warrants, bonds, notes, debentures and other securities which carry rights to subscribe for or are convertible into shares) which would or might require the exercise of such powers be and is hereby generally and unconditionally approved;
  2. the approval in paragraph (a) of this Resolution shall authorize the Directors during the
    Relevant Period (as defined hereinafter) to make or grant offers, agreements and options
    (including warrants, bonds, notes, debentures and other securities which carry rights to subscribe for or are convertible into shares) which would or might require the exercise of such powers (including but not limited to the power to allot, issue and deal with additional shares in the capital of the Company) during or after the end of the Relevant
    Period (as defined hereinafter);
  3. the aggregate number of Shares allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) and issued by the Directors pursuant to the approval in paragraph (a) and (b) of this Resolution, otherwise than pursuant to (i) a Rights Issue (as defined hereinafter); or (ii) the exercise of any options granted under any share option scheme adopted by the Company or similar arrangement for the time being adopted for the grant or issue to officers and/or employees of the Company and/or any of its subsidiaries of shares or rights to subscribe for shares in the Company; or (iii) an issue of Shares pursuant to any scrip dividends or similar arrangement providing for the allotment of Shares in lieu of the whole or part of a dividend on Shares in accordance with the articles of association (the "Articles of Association") of the Company in force from time to time, shall not exceed 20% of the total number of issued Shares as at the date of passing of this Resolution and the said approval shall be limited accordingly; and
  4. for the purposes of this Resolution:
    "Relevant Period" means the period from the passing of this Resolution until whichever is the earliest of:
    1. the conclusion of next annual general meeting of the Company;
    2. the expiration of the period within which the next annual general meeting of the Company is required by the Articles of Association or any applicable laws to be held; and

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NOTICE OF ANNUAL GENERAL MEETING

  1. the date on which the authority set out in this Resolution is revoked or varied by an ordinary resolution of the shareholders of the Company (the "Shareholders") in a general meeting.

"Rights Issue" means an offer of Shares, or offer or issue of warrants, options or other securities giving rights to subscribe for Shares, open for a period fixed by the Directors to holders of Shares, whose names appear on the Company's register of members on a fixed record date in proportion to their then holdings of such Shares as at that date (subject to such exclusion or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements, or having regard to any restrictions or obligations under the laws of, or the requirements of any recognized regulatory body or any stock exchange in, any territory or otherwise howsoever applicable to the Company)."

5. "THAT:

  1. subject to paragraph (b) of this Resolution, the exercise by the Directors during the
    Relevant Period (as defined hereinafter) of all the powers of the Company to repurchase
    Shares on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") or any other stock exchange on which the Shares may be listed and recognized by the Securities and Futures Commission of Hong Kong (the "SFC") and the Stock Exchange for such purpose, and that the exercise by the Directors of all the powers of the Company to repurchase such Shares are subject to and in accordance with all applicable laws and regulations, be and is hereby generally and unconditionally approved;
  2. the approval in paragraph (a) of this Resolution shall be in addition to any other authorization given to the Directors and shall authorize the Directors on behalf of the Company during the Relevant Period to procure the Company to repurchase its Shares at a price determined by the Directors;
  3. the number of Shares which may be repurchased or agreed to be repurchased by the Company pursuant to the approval in paragraph (a) of this Resolution during the Relevant Period shall not exceed 10% of the total number of issued Shares as at the date of the passing of this Resolution and the authority granted pursuant to paragraph (a) of this Resolution shall be limited accordingly; and

- 21 -

NOTICE OF ANNUAL GENERAL MEETING

    1. for the purposes of this Resolution, "Relevant Period" means the period from the date of passing of this Resolution until whichever is the earliest of:
      1. the conclusion of the next annual general meeting of the Company;
      2. the expiration of the period within which the next annual general meeting of the Company is required by the Articles of Association, or any other applicable law to be held; and
      3. the date on which the authority set out in this Resolution is revoked or varied by an ordinary resolution of the Shareholders in a general meeting."
  2. "THAT conditional upon the passing of the resolutions set out as Resolutions no. 4 and 5 above, the general mandate granted to the Directors to exercise the powers of the Company to allot, issue and deal with Shares pursuant to Resolution no. 4 above be and is hereby extended by the addition thereto of an amount representing the number of Shares repurchased by the Company under the authority granted pursuant to Resolution no. 5 above, provided that such an extended amount shall not exceed 10% of the total number of issued Shares as at the date of passing of this Resolution."
  3. "THAT subject to and conditional upon the Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Shares which may be issued by the Company upon the exercise of the share options which may be granted under the Refreshed Scheme Mandate Limit (as defined hereinafter) of the share option scheme of the Company adopted on 19 August 2011 (the "Share Option Scheme"),
    1. the refreshment of the scheme mandate limit in respect of the maximum number of Shares which may be issued upon exercise of all options which may be granted under the Share Option Scheme (excluding options previously granted, outstanding, cancelled, lapsed or exercised in accordance with the terms of the Share Option Scheme and any other share option scheme of the Company) to the extent of up to 10% of the Shares in issue as at the date of passing of this Resolution (the "Refreshed Scheme Mandate Limit") be and is hereby approved; and

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NOTICE OF ANNUAL GENERAL MEETING

  1. the Directors be and are hereby authorized to do all such acts and things and to execute all such documents, including under seal where applicable, as they consider necessary or expedient to give effect to the foregoing arrangement and to grant share options up to the Refreshed Scheme Mandate Limit and to exercise all the powers of the Company to allot, issue or otherwise deal with the Shares pursuant to the exercise of such options.''

By Order of the Board

China Fortune Financial Group Limited

ZHU Yi

Chief Executive Officer

and Executive Director

Hong Kong, 24 July 2020

Notes:

  1. A Shareholder entitled to attend and vote at the Meeting may appoint one or more than one proxy to attend and to vote in his stead. A proxy need not be a shareholder of the Company.
  2. Where there are joint registered holders of any Shares, any one of such joint holders may vote at the Meeting, either personally or by proxy, in respect of such Shares as if he were solely entitled thereto; but if more than one of such joint holders be present at the Meeting personally or by proxy, that one of the said persons so present whose name stands first on the register of members of the Company in respect of such Shares shall alone be entitled to vote in respect thereof.
  3. In order to be valid, the form of proxy duly completed and signed in accordance with the instructions printed thereon together with the power of attorney or other authority, if any, under which it is signed or a notarially certified copy thereof must be delivered to the Company's branch share registrar and transfer office in Hong Kong,
    Union Registrars Limited at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong as soon as possible but in any event not less than 48 hours before the time appointed for the holding of the Meeting or any adjournment thereof (as the case may be).
  4. All voting by the Shareholders at the Meeting shall be conducted by way of poll.
  5. Completion and delivery of an instrument appointing a proxy shall not preclude a Shareholder from attending and voting in person at the Meeting if the Shareholder so wish and in such event, the instrument appointing a proxy should be deemed to be revoked.
  6. An explanatory statement containing the information necessary to enable the Shareholders to make an informed decision as whether to vote for or against the Resolution no. 5 is set out in the Appendix I to this circular.
  7. Biographical details of each of Ms. SUN Qing, Mr. HAN Hanting, Mr. WU Ling, Mr. CHAN Kin Sang, Mr. LI Gaofeng and Mr. LIU Xin proposed to be re-elected as Directors at the Meeting are set out in the Appendix II to this circular.
  8. After verified by the scrutineer, the poll results will be published on the Company's website (www.290.com.hk) and
    HKExnews website (www.hkexnews.hk).
  9. If a Typhoon Signal No. 8 or above is hoisted, or a "black" rainstorm warning signal is in force at or at any time after 8:00 a.m. on the date of the annual general meeting, the Meeting will be postponed. The Company will post an announcement on the Company's website and HKExnews website to notify Shareholders of the date, time and place of the rescheduled meeting.

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China Fortune Financial Group Limited published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 08:45:05 UTC