On October 2, 2023, the Board of Directors of Feutune Light Acquisition Corporation appointed Mr. Wenbing Chris Wangas an independent director of the Company (the ?Appointment?), effectively immediately. On October 2, 2023, Mr. Michael Davidov resigned from his position as an independent director, and a member of the Audit Committee and Compensation Committee of the of Board of Directors of the Company, effective immediately after the appointment of his successor. The same day, the Board of Directors appointed Mr. Wenbing Chris Wang to serve as an independent director of the Company, effectively immediately.

Mr. Wang has extensive experience as a senior management team member serving private and public companies. Since June 2021, Mr. Wang has served as Chief Financial Officer of Phoenix Motor Inc. Mr. Wang was the senior vice president of finance of SPI Energy Co. Ltd. and interim CFO of PEV from November 2020 to June 2021.

Prior to joining SPI, Mr. Wang served as Chief Executive Officer of Redwood Group International, a Hong Kong-based merchant bank focused on Greater- China growth and venture opportunities, from February 2017 to November 2020, and a partner with SAIF Xinhuihuang Asset Management Co. Ltd. from December 2018 to March 2020. Prior to that, Mr. Wang served as President of Fushi Copperweld Inc. from 2009 to 2016 and its Chief Financial Officer from 2005 to 2010.

At Fushi Copperweld, Mr. Wang led the company?s public listing on the Nasdaq and the acquisition of Copperweld Bimetallics in 2007, $290 million in total equity and debt financing from 2005 to 2012, and its $345 million privatization transaction in 2012. Prior to that, Mr. Wang worked for Cornerstone China Opportunities Fund, Redwood Capital, Credit Suisse, VCChina from 1999 to 2005 with progressive responsibilities. Mr. Wang obtained a BSc from the University of Science and Technology Beijing and an MBA degree in Finance and Corporate Accounting from the University of Rochester.

Mr. Wang is currently a board member of IT Tech Packaging Inc. starting from October 2009.