The board of Directors of Fufeng Group Limited announced that Mr. Xu Zheng Hong has tendered his resignation as an independent non-executive Director, and a member of the audit committee, the remuneration committee, the nomination committee and the ESG committee of the Company with effect from April 01, 2022 due to his personal career development. Mr. Xu confirmed that he has no disagreement with the members of the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The company also appoints Ms. Li Ming as an independent non-executive Director, and a member of Audit Committee, Remuneration Committee, Nomination Committee, and ESG Committee with effect from April 01, 2022.

Ms. Li is currently an executive director of Da Yu Financial Holdings Limited.