The board of directors of China Assurance Finance Group Limited announced that Mr. Chang Hoi Nam has resigned as an executive Director, the chief executive officer and vice chairman of the company owing to the expansion of his family business and the stronger demand of his commitment therein, with effect from 28 September 2017. Mr. Chang has also resigned as a member of the nomination committee of the Company with effect from 28 September 2017. Mr. Chang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation of the executive Director that needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. To fill the vacancy of the member of the Nomination Committee arising from the resignation of Mr. Chang, the Board has appointed Mr. Pang Man Kin Nixon, an executive Director, the chairman of the company and a member of the remuneration committee of the Company, as a member of the Nomination Committee with effect from 28 September 2017.