The board of directors of China Assurance Finance Group Limited announced that Mr. Peng Gengsheng who has tendered his resignation as a non-executive Director with effect from 15 September 2020 due to his own other business commitment which requires more of his time. Mr. Peng has confirmed that he has no disagreement with the Board and there is no matter in respect of his resignation above which needs to be brought to the attention of The Stock Exchange of Hong Kong Limited, other regulatory authorities or the shareholders of the Company. The Board would like to express its gratitude to Mr. Peng for his contribution to the Company during his tenure of office.