The board of directors of KOALA Financial Group Limited announced that Ms. Ng Yau Kuen, Carmen has tendered her resignation as the independent non-executive Director, the chairlady of audit committee, the member Ms. Ng has confirmed she has no disagreement with the Board and there is no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the company. The Board is pleased to announced that Mr. Ng Wah Leung has been appointed as the independent non-executive Director, the chairman of audit committee, the member of nomination committee and the chairman of remuneration committee with effect from 27 February 2021. Mr. Ng is a fellow member of The Association of Chartered Certified Accountants and a member of The Hong Kong Institute of Certified Public Accountants. He has over 15 years of experience in accounting and audit on Hong Kong listed companies and private companies. As at the date of this announcement, the Board comprises five Directors namely Mr. Kwan Kar Ching and Ms. Hsin Yi-Chin, being the executive Directors and Mr. Hung Cho Sing, Mr. Luk Kin Ting and Mr. Ng Wah Leung, being the independent non-executive Directors.