Momentum Fin (01152.HK) announced that after the previous executive director and independent non-executive director retired, there is now only one director left, which is less than the minimum number required by the company's rules. The statutory number of directors required for board meetings is insufficient to carry out the affairs of the board. The remaining director is actively seeking suitable candidates to fill the vacancies caused by the retirements in order to restore the functions of the board as soon as possible. However, the process of appointing new directors may take some time. Therefore, the actual timeline for the board to resume its normal composition is still uncertain. The company expects that the retirements will not have a significant impact on its daily business operations.

Trading of shares will resume today (28th).