The board of directors of China First Capital Group Limited announced that Mr. Wang Ping has tendered his resignation as an executive Director and Chief Financial Officer of the company with effect from 31 December 2015 due to his intention to devote more time to his other business commitments and personal matters. In order to continuously benefit from the extensive experience of Mr. Wang Ping, he has been appointed as a consultant of the company. The Board announced that Mr. Wang Hui has been appointed as the Chief Financial Officer of the company with effect from 1 January 2016.

Prior to joining the company, he served as general manager of Shenzhen Huaxing Bainian Equity Investment Fund Management Co. Ltd. from January 2014 to December 2015; and chief financial officer of Shenzhen Huaxin Equity Investment Fund Management Co. Ltd. from February 2012 to December 2013.