The board of directors of Future Bright Holdings Limited announced that Mr. Chan Pak Cheong Afonso ("Mr. Chan") has resigned as an independent non-executive Director with effect from 6 July 2023 as Mr. Chan would like to devote more time to his personal affairs. As a result, upon Mr. Chan's
resignation, Mr. Chan ceases to be (a) the chairman of the audit committee (the "Audit Committee"), the remuneration committee (the "Remuneration Committee") and the risk committee (the "Risk Committee") of the Company, and (b) a member of the nomination committee (the "Nomination Committee") of the Company. The Board further announces that, upon the recommendation of the Nomination Committee, Mr. Vong Hou Piu ("Mr. Vong") has been appointed as an independent non-executive Director. Mr. Vong has also been appointed as the chairman of the Audit Committee,
the Remuneration Committee and the Risk Committee, and a member of the Nomination Committee. Mr. Vong Hou Piu, aged 60. Mr. Vong obtained a master degree in Business Administration in 1994 from Asia International Open University (Macau) (which is currently known as City University of Macau). Mr. Vong obtained the qualification as a Certified Public Accountant in Macau in 1995 and has been a fellow of CPA Australia since 2008. Mr. Vong has been the executive director of ShineWing Corporate & Advisory Services Limited (previously known as Growth Path Management Consultant Company Limited) since 2005, the managing partner of ShineWing (Macau) Certified Public Accountants (previously known as B&D Certified
Public Accountants) since 2006, and the single supervisor of Macau Pass, S.A. since 2022. He has also been the Macao honorary representative of CPA Australia since 2008, a member of supervisory board of Macau Management Association since 2018, the director of Union of Associations of Professional Accountants of Macau since 2019, and the director of Macau Society of Certified Public Accountants since 2022. Besides having extensive experience in the accounting field, Mr. Vong has been actively engaging in public service. He was a member of the committee for the Registry of Auditors and Accountants of Macau in 2020, a member of the supervisory board of the Cultural Industries Fund of Macau in 2020 and 2021, and has
been a member of the supervisory board of Macau Urban Renewal Limited since 2019, as well as a member of the supervisory board of the Culture Development Fund of Macau Special Administrative Region since 2022. Mr. Vong has entered into a letter of appointment with the Company for an initial term of one year commencing with effect from 6 July 2023 until 5 July 2024, which will be renewed automatically for one year. Mr. Vong is entitled to a director's fee of HKD 120,000 per annum which has been reviewed by the Remuneration Committee and determined by the Board with
reference to his duties and responsibilities and the prevailing market conditions. Pursuant to the Company's bye-laws, Mr. Vong is subject to retirement and re-election at the next annual general meeting of the Company after his appointment, and in the case that he is re-elected, he is subject to retirement by rotation and re-election at annual general meetings of the Company .