The Board of Asia Financial Holdings Limited announced that, with effect from 25th March 2020, Mr. IDE Kentaro resigned as a non-executive director of the Company and Mr. OGURA Satoru has been appointed as a non-executive director of the Company. Mr. Ogura, aged 51, is currently the General Manager of Global Business Department of Aioi Nissay Dowa Insurance Company, Limited ("Aioi Nissay Dowa"). Mr. Ogura has been non-executive director and SOOA (Senior Officer Outside Australia) of Aioi Nissay Dowa Insurance Company Australia Pty Ltd. since April 2018. He also has been non-executive director of Aioi Nissay Dowa Europe Limited, both companies are 100% owned subsidiary of Aioi Nissay Dowa Insurance Company Limited.