Yue Kan Holdings Limited announced that Mr. Fung Hoi Fung's ("Mr. Fung") retirement, pursuant to Article 108 of the articles of association of the Company, and not offering himself for re-election due to his personal reason as an Independent Non- executive Director of the Company with effect from the conclusion of the annual general meeting of the Company held on 12 October 2022 ("Retirement"). On the same day, Mr. Fung will also cease to act as the chairman of the Audit Committee of the Board of Directors (the "Board") and a member of the Remuneration Committee of the Board.