The board of directors of China Brilliant Global Limited (the "Company", together with its subsidiaries, the "Group") announced that due to internal work adjustment and further optimization of duty allocation in the Group, Ms. Chung Elizabeth Ching Yee ("Ms. Chung") has resigned as the chief executive officer of the Group (the "CEO") with effect from 1 July 2023. Ms. Chung will remain as the executive director of the Group. The Board also announced that Ms. Zhang Chunping ("Ms. Zhang"), executive director of the Group, will be appointed as the CEO with effect from 1 July 2023 (the "Appointment").

Ms. Zhang will manage the gold and jewellery business, lending business and the daily management and operations of the Group. Ms. Chung will focus on the fintech business after the Appointment. Ms. Zhang was appointed as an executive director of the Group on 12 February 2018.

Ms. Zhang has over 15 years of experience in financial management in the PRC and she is the Senior Vice President of China Brilliant Group and general manager of Shenzhen China Brilliant Property Services Company Limited. Ms. Zhang is responsible for overseeing the financial operation of the corporation and liaising with various bankers of the corporation for banking facilities and other services. Save as being a non-executive Director during the aforesaid period, Ms. Zhang has not held any other positions in the Group and has not held any directorship during the three years preceding the date of this announcement in any public companies of which the shares are listed on any stock market in Hong Kong or overseas.

In addition, Ms. Zhang is the sister of Mr. Zhang Chunhua, the Chairman of the Board and the executive director of the Group.