Momentum Financial Holdings Limited announced that Mr. Zhou Yihong (``Mr. Zhou YH''), Ms. Huang Chunlian (``Ms. Huang''), Mr. Zhou Zhencun (``Mr. Zhou ZC'') and Mr. Chen Yongping (``Mr. Chen'') would retire at the AGM in accordance with the bye-laws of the Company. As the resolutions for re-election of Mr. Zhou YH, Ms. Huang, Mr. Zhou ZC and Mr. Chen were not passed by the Shareholders at the AGM, Mr. Zhou YH has retired as an executive Director and each of Ms. Huang, Mr. Zhou ZC and Mr. Chen has retired as an independent non-executive Director with effect from the conclusion of the AGM (the ``Retirement''). Mr. Zhou YH has ceased to be a member of the remuneration committee of the Company (the ``Remuneration Committee'') and the nomination committee of the Company (the ``Nomination Committee''); Ms. Huang has ceased to be a chairman of the Remuneration Committee and a member of the audit committee of the Company (the ``Audit Committee'') and the Nomination Committee; Mr. Zhou ZC has ceased to be a chairman of the Nomination Committee and a member of the Audit Committee and the Remuneration Committee; and Mr. Chen has ceased to be a chairman of the Audit Committee and a member of the Nomination Committee and the Remuneration Committee.