The board of directors of Arta TechFin Corporation Limited announced that Mr. Chung Koon Chung, Benny ("Mr. Chung") has been appointed as a Co-Chief Executive Officer (the "Co-CEO") of the Company with effect from 3 October 2023. He will focus on the business and operational development of the Group. Mr. Chung, aged 50, has over 25 years of experience in the financial industry.

Prior to joining the Company, Mr. Chung was the co-chief executive officer of Quam Capital Limited (formerly known as China Tonghai Capital Limited) from 2017 to 2023. Prior to this, Mr. Chung worked with the investment banking division of various international financial institutions including Bank of America Merrill Lynch (now known as Bank of America), HSBC Group and N M Rothschild & Sons (Hong Kong) Limited (now known as Rothschild & Co Hong Kong Limited). Mr. Chung also worked in the audit division of Coopers & Lybrand (now known as PricewaterhouseCoopers) from 1994 to 1997.

From 2018 to 2022, Mr. Chung was an outside director of KTB Investment & Securities Co. Ltd. (now renamed to DAOL Investment & Securities Co., Ltd), a listed public company in the Republic of Korea. Mr. Chung earned a Bachelor of Commerce degree from The University of Toronto.

Mr. Chung's remuneration is recommended by the remuneration committee (the "Remuneration Committee") of the Company and determined by the Board with reference to his qualification, responsibilities and prevailing market conditions. Following the appointment of Mr. Chung as a Co-CEO, Mr. Lau Fu Wing, Eddie ("Mr. Lau") an executive Director and the Chief Executive Officer of the Company, has been re-designated as a Co-CEO with effect from 3 October 2023. Mr. Lau will remain as executive Director and a member of the Remuneration Committee of the Company.

Mr. Lau will continue to closely work with the management team towards the Group's development. Mr. Lau, aged 43, has over 20 years of global experience in fintech, asset management, and brokerage in China and the United States. He leads the Company's development of a distributed- ledger-technology-based fintech platform.

In November 2022, the Company received the Best Technology Award in Central Bank Digital Currency ("CBDC") global fast track competition organised by Invest HK and Hong Kong Monetary Authority ("HKMA"). In May 2023, the Company was selected to participate in HKMA's e-HKD Pilot Programme. In July 2023, Mr. Lau was appointed as a member of the Task Force on Promoting Web3 Development of the Government of the Hong Kong Special Administrative Region.

From 2018 to 2020, he held senior executive positions with one of the Sino-Foreign joint venture fund management companies in China. From 2006 to 2017, he managed absolute return portfolios at Elliott Advisors and Merrill Lynch, and co-founded PCA Investments and a multi-family office in Beijing, China, and Hong Kong, China, respectively. He began his finance career as a convertible bond trader with UBS in the United States in 2002.

Mr. Lau received a Bachelor of Arts degree in Economics with Honors from the University of Chicago ("UChicago") in 2002. He is a member of the UChicago Alumni Board and was the President of the Alumni Club of Hong Kong until June 2023. He received the UChicago Alumni Service Award in May 2023.

He has been a committee member of the Hong Kong Football Association, China since 2019.