Chong Sing Holdings FinTech Group Limited announced with effect from 1 May 2020: Mr. Bu Fancheng (‘Mr. Bu’) will be appointed as an independent non-executive director of the Company, chairperson of the Company 's nomination committee as well as member of the Company's audit committee and remuneration committee and Mr. Wang Chengqing (‘Mr. Wang’) will be appointed as an independent non-executive director of the Company, chairperson of the Remuneration Committee as well as member of the Audit Committee and the Nomination Committee. Mr. Bu, aged 48, has 10 years of experience in serving legal profession and senior management positions. Previously, Mr. Bu was the Legal Specialist as well as Department General Manager of the head office of China HengFeng Bank. Mr. Wang, aged 49, has been a partner at Lotus Investment Corporation Pty Ltd. in Sydney, Australia, where he participated in the Channel 9 real estate development project from 2016. The Board further announces that Mr. Hu Xiuren ("Mr. Hu"), currently an executive director, will be re-designated to chairman of the Company from vice-chairman of the Company, with effect from 1 May 2020. Mr. Hu, aged 48, has over 20 years of experience of serving in senior management positions at various institutions. Mr. Hu is the Senior Vice President of Hong Da Financial Hong Kong Co. Ltd. (Stock Code: 1822), from August 2019 to present. The Board further announces that there will be following changes to the Audit Committee, Nomination Committee and the Remuneration Committee, with effect from 1 May 2020: Mr. Bu will be appointed as chairperson of Nomination Committee as well as member of the Audit Committee and the Remuneration Committee; and Mr. Wang will be appointed as chairperson of Remuneration Committee as well as member of the Audit Committee and the Nomination Committee.