The board of directors of Huiyin Holdings Group Limited announces that Mr. Kam Kit ("Mr. Kam") has tendered his resignation as the chairman of the Board (the "Chairman"), the non-executive Director, member of each of remuneration committee and nomination committee of the Company and the authorised representative of the Company to accept service of process or notices in Hong Kong on behalf of the Company under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (the "Process Agent") with effect from 27 May 2021. Mr. Kam has informed the Board that he resigned due to his other personal commitments and has confirmed that he has no disagreement with the Board, nor is there any matter in relation to his resignation that should be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board is also pleased to announce that Mr. Chin Wai Keung Richard, an executive Director, has been appointed as the Process Agent in place of Mr. Kam with effect from 27 May 2021. Following the resignation of Mr. Kam, the Company is currently identifying suitable candidate to fill the vacancy of the chairman of the Board and will ensure that such candidate is appointed as soon as practicable.