China Qinfa Group Limited announced that, with effect from the conclusion of the Annual General Meeting . Mr. LAU Sik Yuen has retired as an independent non-executive Director and ceased to be the chairman of the audit committee of the Company; and Mr. HO Ka Yiu Simon has been appointed as an independent non-executive Director and the chairman of the Audit Committee. Mr. HO, aged 45, holds a Bachelor degree in Accountancy from The Hong Kong Polytechnic University.

He is an associate member of the Hong Kong Institute of Certified Public Accountants. Mr. HO has over 20 years of experience in auditing, professional accounting and financial management. He has been the chief financial officer of Cali (Hong Kong) Biosciences Limited, a biopharmaceutical company, since September 2022.

Mr. Ho served as chief financial officer and company secretary of Glory Sun Financial Group Limited (stock code: 1282) from December 2018 to September 2022 and he served as Chief Financial Officer and company secretary (resigned on June 2014) of China Energy Development Holdings Limited (stock code:228) ("China Energy") from May 2011 to December 2018, whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. HO was a senior audit manager in one of the top tier international accounting firms before joining China Energy in May 2011.