Television Broadcasts Limited — Board/Management Information 2016

Dec 21, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 290) Website: http://www.290.com.hk

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF AUDIT COMMITTEE, CHAIRMAN OF REMUNERATION AND NOMINATION COMMITTEES

The Board announces that Mr. TAM B Ray Billy has resigned as an independent nonexecutive director, member of the audit committee, and chairman of the remuneration and nomination committees of the Company with effect from 21 December 2016.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF AUDIT COMMITTEE, CHAIRMAN OF REMUNERATION AND NOMINATION COMMITTEES

The board of directors (the “ Board ”) of China Fortune Financial Group Limited (the “ Company ”) announces that Mr. TAM B Ray Billy (“M r. Tam ”) has resigned as an independent non-executive director, member of the audit committee, and chairman of remuneration and nomination committees of the Company with effect from 21 December 2016 due to his other business commitments.

Mr. Tam has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude and appreciation to Mr. Tam for his past contribution to the Company.

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Immediately following the resignation of Mr. Tam, the Company’s number of independent non-executive directors will be less than one-third of the Board and the Company will therefore fail to meet the requirements under Rule 3.10(1) and Rule 3.10A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”). In addition, the Company will fail to meet the composition requirement of the audit committee under Rule 3.21 of the Listing Rules, the composition requirement of the remuneration committee under Rule 3.25 of the Listing Rules and the composition requirement of the nomination committee under code provision A.5.1 of the Corporate Governance Code contained in Appendix 14 of the Listing Rules (the “ Corporate Governance Code ”) and terms of reference of the relevant committees of the Company.

As such, the Company is in the course of identifying a suitable candidate to fill in the vacancy of an independent non-executive director, a member of the audit committee, a chairman of the remuneration and nomination committees of the Company with a view to fulfilling the Rule 3.10(1), Rule 3.10A, Rule 3.21 and Rule 3.25 of the Listing Rules and code provision A.5.1 of the Corporate Governance Code as soon as practicable. Further announcement will be made by the Company upon fulfillment of the aforesaid requirements.

By order of the Board of China Fortune Financial Group Limited WONG Kam Choi MH Chairman

Hong Kong, 21 December 2016

As at the date of this announcement, the Board consists of three executive directors, namely Mr. WONG Kam Choi MH (Chairman), Mr. HON Chun Yu and Ms. FU Wan Sheung; two non-executive directors, namely Mr. TANG Baoqi and Mr. WU Ling; and two independent non-executive directors, namely Mr. CHAN Kin Sang and Mr. NG Kay Kwok.

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