Announcement • Jul 04
Asia Financial Holdings Limited Announces Board Changes, Effective July 2, 2026 Asia Financial Holdings Limited announced that Mr. TATEGAMI Susumu resigned as a non-executive director of the Company with effect from July 2, 2026 due to his job relocation to take up a new assignment. Asia Financial Holdings Limited announced that Mr. HIYOSHI Yusuke has been appointed as a non-executive director of the Company with effect from July 2, 2026. Mr. HIYOSHI Yusuke, aged 45, is currently the General Manager of Global Business Department of Aioi Nissay Dowa Insurance Company, Limited. Mr. Hiyoshi obtained a bachelor's degree in Law from Waseda University in 2003. In the same year, he joined Aioi Insurance Company, Limited, which merged with Nissay Dowa General Insurance Company, Limited and is now known as Aioi Nissay Dowa Insurance Company, Limited. Mr. Hiyoshi had served as the Head of Business Management Group, Corporate Planning Department of Aioi Nissay Dowa from April 2024 to March 2026. He was the Senior Executive Coordinator of Aioi Nissay Dowa Insurance Company of Europe SE and Toyota Insurance Management SE respectively from April 2018 to March 2024. He worked in Overseas Inward Reinsurance Group, Reinsurance Department of Aioi Nissay Dowa from April 2014 to March 2018. During the period from April 2003 to March 2014, Mr. Hiyoshi had worked in various positions in Aioi Insurance Company, Limited. Mr. Hiyoshi has been an Independent Director of BKI Holdings Public Company Limited and Bangkok Insurance Public Company Limited since May 8, 2026. He has been a non-executive director of Aioi Nissay Dowa Insurance Company Australia Pty Ltd. since May 29, 2026. According to the letter of appointment issued by the Company, the term of Mr. Hiyoshi's service has started from July 2, 2026 until the next following annual general meeting of the Company to be held in 2027 and is eligible for re-election in accordance with the Bye-laws of the Company. For the purpose of complying with Rule 3.09D of the Listing Rules, Mr. Hiyoshi has obtained relevant legal advice from a firm of solicitors and has confirmed that he understood his obligations as a director of the Company. Upcoming Dividend • Jun 08
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (3.9%). Declared Dividend • Mar 25
Final dividend of HK$0.16 announced Shareholders will receive a dividend of HK$0.16. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 
