The board of directors of Central Wealth Group Holdings Limited announced that with effect from 8 March 2023, Mr. Lin Guoyan has tendered his resignation as an independent non-executive director of the Company to pursue his other business commitments. Upon his resignation, Mr. Lin will cease to be a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company. The Board announced that Ms. Li Meifeng has been appointed as an independent non-executive director, and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 8 March 2023.

The biographical details of Ms. Li are set out below: Ms. Li, aged 31, has extensive experience in accounting and securities trading in Mainland China and Hong Kong. Ms. Li has not held other directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas. The Board further announces that, Mr. Chen Xiaodong, an existing executive director of the Company, has been appointed as a member of the Remuneration Committee of the Company with effect from 8 March 2023.