The board of directors of Momentum Financial Holdings Limited announces that Mr. Ng Hoi has resigned as an executive Director, the authorized representative of the Company with effect from 31 August 2021 due to his decision to devote more time to his other commitments and engagements. The Board announces that Mr. Liu Xin Chen, an executive Director, has been appointed as the Authorized Representative with effect from 31 August 2021 following Mr. Ng's Resignation. Mr. Liu, aged 56, has been an executive director of the Company since July 2019. He is also a director of various subsidiaries of the Company. He has been appointed as a member of the Nomination Committee and Remuneration Committee of the Company since 5 May 2020.