China First Capital Group Limited (First Cap GP) announced a board reshuffle effective 31 March 2026. Independent non-executive director (INED) Loo Cheng Guan has resigned from the Board, Audit Committee, Nomination Committee and Strategy Committee to focus on other business and personal commitments.

To fill the vacancy, the company appointed Qiao Huabin, aged 53, as an INED and member of both the Audit and Strategy Committees. Qiao brings nearly 30 years of accounting, taxation and finance experience. His background includes roles as audit manager at Henan Tax Consultation Agency Centre (1995–1998), securities consultant manager at Minsheng Securities (1998–2006), senior project manager at Shenzhen Caishuida Tax Agent Firm (2006–2013) and executive director of Shenzhen Zhongshui Yuetong Management Consulting since 2013.

Qiao holds a Bachelor of Economics from Henan University of Economics and Law (1995) and completed postgraduate studies in international economics at Zhengzhou University (2005). He has signed a three-year appointment letter with an annual director’s fee of HK$0.12 million, subject to board-approved adjustments.

The company confirmed Qiao’s independence under Hong Kong Listing Rules and noted that he has no relationships with existing directors, senior management, substantial shareholders, or core connected persons, nor any interests in the company’s securities.

First Cap GP expressed appreciation for Loo Cheng Guan’s contributions during his tenure and welcomed Qiao Huabin to the Board. After the changes, the Board comprises executive directors Dr. Wilson Sea and Dr. Zhu Huanqiang, and independent non-executive directors Chu Kin Wang (Peleus), Lu Dan and Qiao Huabin.