The Board of Directors of Dah Sing Financial Holdings Limited and Dah Sing Banking Group Limited ("DSBG") jointly announce that Ms. Wong Wai Nar Doris ("Ms. Wong") will resign as the Company Secretary of DSFH and DSBG with effect from 25 December 2022 due to retirement. The Boards of DSFH and DSBG expressed their appreciation to Ms. Wong for her dedication and contributions to the Group during her tenure of service. Ms. Wong has confirmed that she has no disagreement with the Boards of DSFH and DSBG, and that she is not aware of any matter in relation to her resignation that needs to be brought to the
attention of the shareholders of DSFH and DSBG. The Boards of DSFH and DSBG also announce that Mr. Li Richard Tsung Yung ("Mr. Li") will be appointed as the Company Secretary of DSFH and DSBG with effect from 25 December 2022. Mr. Li, aged 41, joined Dah Sing Bank, Limited ("DSB", a wholly owned subsidiary of DSBG which in turn is a 74.37% owned subsidiary of DSFH) in February 2010 as Legal Counsel and was appointed as General Counsel in November 2017 heading the Group Legal Division of DSB. Mr. Li was later redesignated as Group General Counsel in April 2022. Mr. Li graduated from the University of Warwick, U.K. and University of Hong Kong where he attained a degree of Bachelor of Laws and Postgraduate Certificate in Laws respectively. Mr. Li is an employed barrister in Hong Kong and has over 15 years of legal experience. Prior to joining DSB, Mr. Li had been practicing law in private practice.