The Board of Directors of Chong Sing Holdings FinTech Group Limited announced that the Board has resolved and served a notice on Mr. Chng Swee Ho removing him as a non-executive director of the Company with effect from 8 November 2019 pursuant to article 86(3) of the Company's articles of association, which provides that the office of a director shall be vacated if such director, without special leave of absence from the Board, is absent from meetings of the Board for six consecutive months and the Board resolves that his office be vacated. The Board also announced that Mr. Yang Jianhui has tendered his resignation as an executive director and a member of the executive committee of the Company with effect from 8 November 2019 due to his other business engagement and commitment. The Board also announced that Mr. Phang Yew Kiat, the vice-chairman, chief executive officer and executive director of the Company, has been appointed as the compliance officer of the Company with effect from 8 November 2019 for the purpose of Rule 5.19 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange.