Television Broadcasts Limited — Board/Management Information 2017

May 31, 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

APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”) of China Fortune Financial Group Limited (the “ Company ”, together with its subsidiaries the “ Group ”) is pleased to announce that subject to the Immigration Department of the Hong Kong Special Administrative Region (the “ Immigration Department ”) issuing an employment visa (the “ Employment Visa ”) to Mr. LIU Yinan (“ Mr. Liu ”), Mr. Liu will be appointed as an executive director of the Company. Further announcement will be made by the Company upon the Employment Visa is issued by the Immigration Department.

Mr. Liu, aged 39, is the managing director of a subsidiary of the Company and a director of another subsidiary of the Company. He graduated from the Northeastern University with a bachelor’s degree in Computer Science and Technology in 2000. He further obtained a doctor’s degree in Computer Engineering from the University of Rhode Island in 2006. Mr. Liu is a senior engineer in the People’s Republic of China (the “ PRC ”).

Prior to joining the Company, Mr. Liu had held various senior positions with certain PRC companies. He was the president of China Forestry Exchange during the period from June 2014 to January 2016, and was a director and vice president of a conglomerate in the PRC during the period from June 2008 to February 2014. Mr. Liu has extensive experience in corporate strategies and development planning, operation and human resources management, as well as corporate finance and mergers and acquisitions.

The Company has entered into an employment contract with Mr. Liu in respect of his appointment as an executive Director for a term of one year commencing from the next business day after the Employment Visa is issued by the Immigration Department and subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Liu will hold office until the next annual general meeting of the Company and be eligible for re-election at such meeting. Mr. Liu is entitled to a remuneration of HK$1,080,000 per annum which was determined by reference to the prevailing market rate, his qualifications and his duties and responsibilities with the Company.

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As at the date of this announcement, Mr. Liu 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 (Cap. 571 of the Laws of Hong Kong) nor any relationship with any Directors, senior management, substantial or controlling shareholders of the Company.

Save as disclosed above, Mr. Liu does not hold other positions with the Group and has not held any other directorship in any other public companies the securities of which are listed in Hong Kong or overseas in the last three years. There is no other information required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or any other matters that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its warmest welcome to Mr. Liu for joining the Company.

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

Hong Kong, 31 May 2017

As at the date of this announcement, the Board consists of three executive Directors, namely Mr. XIE Zhichun (Chairman), Mr. HON Chun Yu and Ms. FU Wan Sheung; two non-executive Directors, namely Mr. TANG Baoqi and Mr. WU Ling; and three independent non-executive Directors, namely Mr. CHAN Kin Sang, Mr. NG Kay Kwok and Mr. CHIU Kung Chik.

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