South China Financial Holdings Limited announced that Dr. Wang Wei Hsin has tendered his resignation as an executive director, a member of executive committee, chief executive officer and an authorized representative under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited of the Company and as director in all relevant subsidiaries of the company with effect from 17 October 2018 for focusing on personal affairs. Dr. Wang has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignations that need to be brought to the attention of the shareholders of the company and the Stock Exchange. Following the resignation of Dr. Wang, as recommended by the nomination committee of the company and approved by the Board, Ms. Ng Yuk Mui Jessica, the executive director and executive vice chairman of the Company, will take up the role and responsibilities of Dr. Wang as chief executive officer of the Company and as the authorized representative of the company under Rule 3.05 of the Listing Rules with effect from 17 October 2018.