The board of directors of Greater China Financial Holdings Limited announced that, with effect from 8 December 2021, Mr. Chen Zheng has been appointed as an executive Director. Mr. Chen, aged 61, is an engineer and senior economist. He has extensive experience in investing business and corporate management. Mr. Chen is currently a non-executive director of Global Digital Creations Holdings Limited (stock code: 8271), a company listed on GEM of The Stock Exchange of Hong Kong Limited and an independent non-executive director of Jiu Rong Holdings Limited (stock code: 2358), a company listed on Main Board of the Stock Exchange. He holds a Bachelor's degree in Chemical Engineering and a Master's degree in Business Administration. The Board also announced that Mr. Zhang Peidong has been re-designated from an executive Director to a non-executive Director with effect from 8 December 2021.