The board of directors of Infinity Financial Group (Holdings) Limited announced that with effect from 22 January 2018 Mr. Yu Xueming has resigned as executive director and the chairman of the company; Mr. Yu Chuanfu has resigned as executive director and the chief executive officer of the company and member of the remuneration committee; and Mr. Zheng Qiang have resigned as executive director of the company. Each of Mr. Yu Xueming, Mr. Yu Chuanfu and Mr. Zheng Qiang resigned from the company to attend to their other business interests. The Board announced that with effect from 22 January 2018, Mr. Chan Chung Shu has been appointed as executive director of and chairman of the company.

Mr. Chan had been a director of Hainan Zhenghe Industrial Group Co. Ltd. in 2014.