Appointment of executive director

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.

FINSOFT FINANCIAL INVESTMENT HOLDINGS LIMITED ිৌږፄҳ༟છٰϞࠢʮ̡*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8018)

APPOINTMENT OF EXECUTIVE DIRECTOR

The board ("Board") of directors ("Directors", and each, a "Director") of Finsoft Financial Investment Holdings Limited ("Company", together with its subsidiaries, "Group") wishes to announce that with effect from 16 May 2018, Mr. Shi Shaowu ("Mr. Shi") has been appointed as an executive Director.

The biographical details of Mr. Shi are set out below:

Mr. Shi, aged 47, holds a degree of Doctor of Business Administration from Business School Netherlands and a degree of Master of Business Administration from Dongbei University of Finance & Economics in the People's Republic of China ("PRC").

From June 2005 to December 2012, Mr. Shi served as the president and the chairman of the board of Schmid Solar Shenzhen Ltd.. He is currently the legal representative and the general manager of Sunii Holdings Co., Ltd., a director and the chief executive officer of ശϛΆุ ၍ଣϞࠢʮ̡ (for identification purpose only, Hua Xu Business Management Co., Ltd.), and the legal representative and the chairman of the board of ̏ԯԃᎲ઺ԃҳ༟Ϟࠢʮ̡ (for identification purpose only, Beijing Uloong Educational Investment Co., Ltd.).

In October 2017, Mr. Shi was selected as Ό਷ຬΤᎴӸ௴อ௴ุኬࢪ (for identification purpose only, "National 10,000 Outstanding Innovative Tutor") by the Ministry of Education of the PRC. He is also a director of Hong Kong and Mainland International Investment Society Limited which specialises in the promotion of investment and cooperation between the PRC and Hong Kong.

*For identification purposes only

Mr. Shi was a director of the following private companies incorporated in Hong Kong, which were dissolved with details as follows:

Principal

Name of business activity Date of

To the best of the knowledge and belief of Mr. Shi, each of the above companies had ceased business and become defunct and was solvent at the time of it being dissolved.

In accordance with the service contract made between Mr. Shi and the Company, Mr. Shi has been appointed for a term commencing from 16 May 2018 to 31 December 2018 (both days inclusive) unless terminated by no less than one month's notice in writing served by either party on the other and is subject to retirement by rotation and re-election and other related provisions as stipulated in the articles of association of the Company and the Rules ("GEM Listing Rules") Governing the Listing of Securities on GEM ("GEM") of The Stock Exchange of Hong Kong Limited ("Stock Exchange"). Mr. Shi is entitled to an annual director's fee of HK$120,000, which is determined by the Board, under the recommendation from the remuneration committee of the Company, with reference to his background, qualification, experience, duties and responsibilities within the Group and the prevailing market conditions.

Save as disclosed above, as at the date of this announcement, Mr. Shi:

(i) has not held any other major appointments and professional qualifications or directorships in other listed company in the last three years;

• (ii) does not have any relationship with any Director, senior management, substantial or controlling shareholders (both having the meaning ascribed to them in the GEM Listing Rules) of the Company;

• (iii) does not hold other positions with the Company or other members of the Group; and

• (iv) is not interested in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no further information required to be disclosed pursuant to the requirements of Rule 17.50(2)(h) to (v) of the GEM Listing Rules and there are no other matters relating to the appointment of Mr. Shi that need to be brought to the attention of the Stock Exchange or the shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Shi to join the Company.

On behalf of the Board

Finsoft Financial Investment Holdings Limited

Mr. Chan Wai Lung

Chairman

Hong Kong, 16 May 2018

As at the date of this announcement, the Board consists of Mr. Chan Wai Lung being an executive Director and the chairman of the Board, Ms. Lam Ching Yee, Ms. Lin Ting and Mr.

Shi Shaowu being the executive Directors, Mr. Fung Ka Lok Adams and Mr. Ng Wing Cheong Stephen being the non-executive Directors, and Mr. Lam Kai Yeung, Ms. Lee Kwun Ling, May Jean and Mr. Zhong Shi being the independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the website of the GEM atwww.hkgem.comfor a minimum period of seven days from the date of its publication and on the Company's website atwww.finsofthk.com.