Television Broadcasts Limited — Board/Management Information 2018

Sep 28, 2018

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, RE-DESIGNATION OF DIRECTOR, CHANGE OF AUTHORIZED REPRESENTATIVES AND CHANGE IN THE COMPOSITION OF THE NOMINATION COMMITTEE

The Board hereby announces that with effect from 28 September 2018,

1. Mr. LIU Yinan resigned as an executive Director and ceased to act as the Authorized Representative;

2. Mr. ZHU Yi was appointed as an executive Director and the Authorized Representative;

3. Mr. HAN Hanting was re-designated from an executive Director and Chief Operating Officer of the Company to a non-executive Director and ceased to be a member of the Nomination Committee; and

4. Mr. HUA Yang was appointed as a member of the Nomination Committee.

RESIGNATION 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 ”) hereby announces that Mr. LIU Yinan (“ Mr. Liu ”) resigned as an executive Director with effect from 28 September 2018 due to his other personal commitment.

Mr. Liu confirmed that he has no disagreement with the Board and there is no other matter in relation to his 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. Liu for his valuable contribution to the Group during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board further announces that Mr. ZHU Yi (“ Mr. Zhu ”) was appointed as an executive Director with effect from 28 September 2018.

The biographical details of Mr. Zhu are as follows:

Mr. Zhu, aged 31, joined the Group in May 2017 and is currently the department head of the Compliance and Risk Management Department and the Executive Directors Office of the Group, responsible for overseeing the legal and compliance, risk management and internal control as well as human resources and administrative management of the Group. He is also a director of certain

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subsidiaries of the Group. Mr. Zhu graduated from Peking University in 2008 with bachelor’s degrees in Laws and Economics respectively. He then further obtained a master’s degree in Laws from Southern Methodist University in the United States of America (the “ USA ”) in 2010 and a master’s degree in Laws from Peking University in 2011. Mr. Zhu is a Chartered Financial Analyst (CFA) charterholder, and possesses of a non-practicing lawyer qualification in the People’s Republic of China (the “ PRC ”) and the New York State of the USA respectively.

Prior to joining the Group, Mr. Zhu worked with a leading global information and communication infrastructure and smart terminal provider in the PRC for several years, mainly responsible for the legal and compliance, financial analysis and project management of its cross-border capital investment projects. He has extensive and hands-on experience in project evaluation, deal structure design, due diligence, legal instruments drafting and negotiation, etc. in dealing with the merger and acquisition, joint ventures, private equity and venture capital projects of this group.

The Company has entered into an employment contract with Mr. Zhu in respect of his appointment for a term of one year commencing on 28 September 2018 and Mr. Zhu is subject to retirement by rotation and re-election in accordance with the articles of association of the Company (the “ Articles of Association ”). Mr. Zhu will hold office until the next annual general meeting of the Company and be eligible for re-election at such meeting. Mr. Zhu is entitled to a remuneration of HK$2,040,000 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. Zhu 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. Zhu does not hold other positions with the Group and has not held any 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. Zhu 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.

The Board would like to extend its warmest welcome to Mr. Zhu on his new appointment.

RE-DESIGNATION OF DIRECTOR

The Board hereby announces that Mr. HAN Hanting (“ Mr. Han ”) was re-designated from an executive Director and Chief Operating Officer of the Company to a non-executive Director (“ Mr. Han’s Re-designation ”) with effect from 28 September 2018. The biographical details of Mr. Han are as follows:

Mr. Han, aged 33, was appointed as an executive Director and a member of the nomination committee of the Company (the “ Nomination Committee ”) in October 2017. Mr. Han joined the Company in 2015 and was promoted to the Chief Operating Officer of the Company in November 2016. He was an investment manager of a wholly-owned subsidiary of the Group during the period from 2009 to 2013. Mr. Han obtained a bachelor’s degree from University of Warwick majoring in Mathematics, Operational Research, Statistics and Economics in 2006.

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Prior to joining the Group, Mr. Han had worked as a researcher in CCB International Securities Limited. During the period from May 2013 to May 2016, he was an executive director of Momentum Financial Holdings Limited (formerly known as 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.

The Company has entered into an appointment letter with Mr. Han in respect of his new position for a term of one year commencing on 28 September 2018 and Mr. Han is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles of Association. Mr. Han 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 under his new position 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 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. 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 Mr. Han’s Re-designation that 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.

CHANGE OF AUTHORIZED REPRESENTATIVES

Subsequent to his resignation as an executive Director, Mr. Liu ceased to act as the 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 28 September 2018.

The Board hereby announces that Mr. Zhu was appointed as the Authorized Representative in place of Mr. Liu with effect from 28 September 2018.

CHANGE IN THE COMPOSITION OF THE NOMINATION COMMITTEE

Subsequent to Mr. Han’s re-designation as a non-executive Director, Mr. Han ceased to be a member of the Nomination Committee with effect from 28 September 2018.

The Board further announces that Mr. HUA Yang was appointed as a member of the Nomination Committee in place of Mr. Han with effect from 28 September 2018.

By order of the Board of China Fortune Financial Group Limited HUA Yang Chief Executive Officer and Executive Director

Hong Kong, 28 September 2018

As at the date of this announcement, the Board consists of three executive Directors, namely Mr. XIE Zhichun (Chairman), Mr. HUA Yang and Mr. ZHU Yi; three non-executive Directors, namely Mr. HAN Hanting, Mr. CHEN Zhiwei and Mr. WU Ling; 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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