The board of directors of China Financial Services Holdings Limited announced that Mr. Zhang Min has been re-designed from a non-executive director to an executive director of the Company with effect from 17 October 2022. Mr. Zhang, aged 64, was appointed as a non-executive director of the Company on 24 December 2021. Mr. Zhang was an executive director of Value Convergence Holdings Limited, from 25 June 2018 to 2 December 2019.

He was appointed as the chief executive officer and an executive director of Marcolink Capital Holdings Limited from 10 August 2016 to 22 August 2018. He was appointed as a non-executive director of China Fortune Financial Group Limited on 8 December 2010. He was re- designated and appointed as chairman of the Board, executive director and a member of the remuneration committee of the company from 12 April 2011 to 30 June 2014.

In addition, he was an independent non-executive director of Silver Base Group Holdings Limited from 28 January 2011 to 1 April 2014. The aforesaid companies are listed on the Main Board of the Stock Exchange. Mr. Zhang was also the chief marketing officer of the China Cinda Asset Management Co.

Ltd. from 28 April 2011 to 31 August 2013 and was the chief executive of China Construction Bank Corporation, Hong Kong Branch, from September 2006 to March 2011 and a director of CCB International (Holdings) Limited and China Construction Bank (Asia) Corporation Limited from August 2006 to March 2011. Both CCB International (Holdings) Limited and China Construction Bank (Asia) Corporation Limited are wholly-owned subsidiaries of China Construction Bank Corporation (together with its subsidiaries referred to as the "CCBC Group"), a joint stock company incorporated in the PRC with limited liability, whose issued shares are listed on the main board of the Stock Exchange. He was the president of the Beijing Banking Association from 2003 to 2005 and the Beijing Investment Institution from 2001 to 2006.

Mr. Zhang possesses over 20 years' experience in the banking industry through his work with the CCBC Group. The board also announced that Mr. Fang Feiyue resigned as a non-executive director of the Company with effect from 17 October 2022 due to his personal reason.