Television Broadcasts Limited — Board/Management Information 2017

Oct 6, 2017

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

CHANGE OF DIRECTORS AND AUTHORIZED REPRESENTATIVE, AND APPOINTMENT OF AUDIT COMMITTEE, NOMINATION COMMITTEE AND REMUNERATION COMMITTEE MEMBERS

The Board hereby announces that with effect from 6 October 2017:

1. Mr. HON Chun Yu resigned as an executive Director and ceased to act as an authorized representative of the Company;

2. Ms. FU Wan Sheung resigned as an executive Director;

3. Mr. HAN Hanting was appointed as an executive Director and a member of the Nomination Committee;

4. Mr. HUA Yang was appointed as a non-executive Director and a member of the Remuneration Committee;

5. Mr. LI Gaofeng was appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee and Remuneration Committee; and

6. Mr. LIU Yinan was appointed as an authorized representative of the Company.

RESIGNATION OF EXECUTIVE DIRECTORS

The board (the “ Board ”) of directors (the “ Directors ”) of China Fortune Financial Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) hereby announces that with effect from 6 October 2017, Mr. HON Chun Yu and Ms. FU Wan Sheung (“ Ms. Fu ”) resigned as executive Directors due to his other business commitment and internal job arrangement respectively.

Each of Mr. HON Chun Yu and Ms. Fu confirmed that they have no disagreement with the Board and there is no other matter in relation to their resignation that needs to be brought to the attention of the shareholders of the Company (the “ Shareholders ”) or The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The Board would like to take this opportunity to express its sincere gratitude to Mr. HON Chun Yu and Ms. Fu for their valuable contribution to the Group during their tenure of offices.

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APPOINTMENT OF EXECUTIVE DIRECTOR, NON-EXECUTIVE DIRECTOR, INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBERS OF THE AUDIT COMMITTEE, NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board further announces that with effect from 6 October 2017, Mr. HAN Hanting (“ Mr. Han ”) was appointed as an executive Director and a member of the nomination committee of the Company (the “ Nomination Committee ”); Mr. HUA Yang (“ Mr. Hua ”) was appointed as a non-executive Director and a member of the remuneration committee of the Company (the “ Remuneration Committee ”); and Mr. LI Gaofeng (“ Mr. Li ”) was appointed as an independent non-executive Director and a member of each of the Nomination Committee, Remuneration Committee and the audit committee of the Company (the “ Audit Committee ”).

The biographical details of Mr. Han, Mr. Hua and Mr. Li are as follows:

Mr. Han , aged 32, joined the Group in 2015 and was promoted to the Chief Operating Officer of the Company in November 2016. He is also a director of certain subsidiaries of the Group. Mr. Han was an investment manager of a wholly-owned subsidiary of the Group during the period from 2009 to 2013. Prior to joining the Group, he had worked as a researcher in CCB International Securities Limited. During the period from May 2013 to May 2016, he served as an executive director of Infinity Financial Group (Holdings) Limited, a company listed on the main board of the Stock Exchange. Mr. Han has more than 10 years of experience in investment banking industry and had successfully led merger and acquisition projects for a number of Hong Kong listed companies. Mr. Han obtained his bachelor’s degree from University of Warwick majoring in Mathematics, Operational Research, Statistics and Economics in July 2006.

The Company has entered into an employment contract with Mr. Han in respect of his appointment for a term of one year commencing on 6 October 2017 and subject to retirement by rotation and re-election in accordance with the articles of association of the Company (the “ Articles of Association ”). Mr. Han will hold office until the next annual general meeting of the Company and be eligible for re-election at such meeting. Mr. Han is entitled to a remuneration of HK$2,640,000 per annum which was determined by reference to the prevailing market rate, his qualifications, duties and responsibilities with the Company.

As at the date of this announcement, Mr. Han does not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “ SFO ”) and does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company (as defined under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “ Listing Rules ”)).

Save as disclosed above, Mr. Han does not hold other positions with the Group and has not held other directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years. There is no other information relating to the appointment of Mr. Han as an executive Director requires to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and no other matter that needs to be brought to the attention of the Shareholders.

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Mr. Hua , aged 42, graduated from Beijing Forestry University with a bachelor’s degree in Economics in 1997. He further obtained a master’s degree in Business Administration (EMBA) from Cheung Kong Graduate School of Business in 2005.

Mr. Hua has extensive experience across many financial service sectors, including securities, insurance, assets management and equity investment. He is the co-founder and the general manager of Source Capital Management Co., Ltd., the first insurance-company-backed private equity investment fund approved by the China Insurance Regulatory Commission.

Mr. Hua was the general manager of Sun Life Everbright Asset Management Co., Ltd. from 2012 to 2015. In addition, he had held various senior positions with the insurance and securities companies and had completed various IPO projects and share placing projects, as well as corporate bonds issuance for a number of companies, etc.

The Company has entered into an appointment letter with Mr. Hua in respect of his appointment for a term of one year commencing on 6 October 2017 and subject to retirement by rotation and re-election in accordance with the Articles of Association. Mr. Hua will hold office until the next annual general meeting of the Company and be eligible for re-election at such meeting. Mr. Hua is entitled to a remuneration of HK$600,000 per annum which was determined by reference to the prevailing market rate, his qualifications, duties and responsibilities with the Company.

As at the date of this announcement, Mr. Hua does not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company (as defined under the Listing Rules).

Save as disclosed above, Mr. Hua does not hold other positions with the Group and has not held directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years. There is no other information relating to the appointment of Mr. Hua as a non-executive Director requires to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and no other matter that needs to be brought to the attention of the Shareholders.

Mr. Li , aged 43, graduated from Henan Institute of Finance and Economics with a bachelor’s degree in Economics majoring in Investment Management in 1995. He further obtained a master’s degree in Economics majoring in International Finance from Tianjin University of Finance and Economics in 1998. Mr. Li is a non-practicing member of the Chinese Institute of Certified Public Accountants.

Mr. Li has worked in the insurance and securities sectors for many years and has rich experience in finance, investment and investor relations. He held senior management positions with the financial institutes such as insurance companies, securities companies and mutual funds in the People’s Republic of China.

The Company has entered into an appointment letter with Mr. Li in respect of his appointment for a term of one year commencing on 6 October 2017 and subject to retirement by rotation and re-election in accordance with the Articles of Association. Mr. Li will hold office until the next annual general meeting of the Company and be eligible for re-election at such meeting. Mr. Li is entitled to a remuneration of HK$216,000 per annum which was determined by reference to the prevailing market rate, his qualifications, duties and responsibilities with the Company.

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As at the date of this announcement, Mr. Li does not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the SFO and does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company (as defined under the Listing Rules).

Save as disclosed above, Mr. Li does not hold other positions with the Group and has not held directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years. There is no other information relating to the appointment of Mr. Li as an independent non-executive Director requires to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and no other matter that needs to be brought to the attention of the Shareholders.

The Board would like to extend its warmest welcome to Mr. Han on his new appointment, and to Mr. Hua and Mr. Li for joining the Board.

CHANGE OF AUTHORIZED REPRESENTATIVE

Subsequent to his resignation as an executive Director, Mr. HON Chun Yu ceased to act as an authorized representative of the Company (the “ Authorized Representative ”) for the purposes of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and under Rule 3.05 of the Listing Rules with effect from 6 October 2017.

The Board further announces that Mr. LIU Yinan was appointed as the Authorized Representative in place of Mr. HON Chun Yu with effect from 6 October 2017.

By order of the Board of China Fortune Financial Group Limited XIE Zhichun Chairman and Executive Director

Hong Kong, 6 October 2017

As at the date of this announcement, the Board consists of three executive Directors, namely Mr. XIE Zhichun (Chairman), Mr. HAN Hanting and Mr. LIU Yinan,; three non-executive Directors, namely Mr. TANG Baoqi, Mr. WU Ling and Mr. HUA Yang; and four independent non-executive Directors, namely Mr. CHAN Kin Sang, Mr. NG Kay Kwok, Mr. CHIU Kung Chik and Mr. LI Gaofeng.

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