The board of directors of Capital Industrial Financial Services Group Limited announced that upon expiry of the engagement letter entered into between Mr. Zhang Xingyu (Mr. Zhang), an independent non-executive Director, and the Company dated 20 March 2020, Mr. Zhang will leave his position as an independent non-executive Director and will cease to act as a member of each of the audit committee, remuneration committee and nomination committee with effect from 19 March 2023 in order to pursue his other business and personal arrangements. Mr. Zhang has confirmed that he has no disagreement with the Board and there is no other matter that is required to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited (the Stock Exchange).