The Board of directors of Future World Holdings Limited announced that Ms. XIA Liping (Ms. Xia") has tendered her resignation as an independent non-executive Director with effect from 10 November 2023 due to her desire to devote more time to her personal endeavours. Following the resignation of Ms. Xia which takes effect from 10 November 2023, Ms. Xia also ceases to act as a member of each of the audit committee (the "Audit Committee"), the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company. The Board announced that Mr. LAI Long Wai ("Mr. Lai") has been appointed as an executive director of the Company with effect from 10 November 2023.

Mr. Lai, aged 46, has extensive experience in the fields of accounting, finance and investment. He has been a member of The Institute of Chartered Accountants in Australia since April 2002. Mr. Lai was a Chief Financial Officer of Beijing DT Capital Management Limited from 2016 to 2020.

Prior to joining Beijing DT Capital Management Limited, he respectively worked at Pricewaterhouse Coopers (PwC) ­ Hong Kong and Klynveld Peat Marwick Goerdeler (KPMG) ­ Beijing, both of which are reputable accounting firms, during 2009 to 2012. Mr. Lai was also employed by GNS China Investment Advisory Limited in 2004 and he was responsible for expanding cross-border investment and financing business in Beijing. Mr. Lai received his Bachelor of Commerce degree from The University of Western Australia in April 1999.

In February 2008, he was further awarded the degree of Master of Business Administration (MBA) jointly conferred by Fordham University in United States and the China Center for Economic Research at Peking University in Beijing, China. The Board also announced that with effect from 10 November 2023, Mr. Lai has also been appointed as a member of each of the Remuneration Committee and the Nomination Committee. The Audit Committee comprises three independent non-executive Directors, namely Mr. He Yi, Mr. Guo Yaoli and Mr. Bong Chin Chung, while both the Remuneration Committee and the Nomination Committee comprise one executive Director, namely Mr. Lai, and three independent non-executive Directors, namely Mr. He Yi, Mr. Guo Yaoli and Mr. Bong Chin Chung.

The Board further announced that Ms. Lam Hay Yin ("Ms. Lam"), the company secretary of the Company, has tendered her resignation as an authorised representative of the Company (the "Authorised Representative") for the purpose of Rule 3.05 of the Listing Rules with effect from 10 November 2023 due to her other personal commitments which require more of her dedication. Ms. Lam confirmed that she has no disagreement with the Board and there are no circumstances related to her resignation which needs to be brought to the attention of the Stock Exchange and the shareholders of the Company.