Fire Rock : (1) REDESIGNATION OF DIRECTOR (2) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR; AND (3) CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Stock Code: 1909)

(1) REDESIGNATION OF DIRECTOR (2) APPOINTMENT OF INDEPENDENT

NON-EXECUTIVE DIRECTOR; AND

(3) CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

(1) REDESIGNATION OF DIRECTOR

The board (the ''Board'') of directors (the ''Directors'') of Fire Rock Holdings Limited (the''Company'') is pleased to announce that with effect from 19 March 2021, Mr. Chen Di (''Mr. Chen'') has been re-designated from an independent non-executive Director to an executive Director of the Company and, as a result of the redesignation, he has resigned as member of the audit committee (''the Audit Committee''), chairman of the remuneration committee (''the Remuneration Committee'') and member of the nomination committee (''the Nomination Committee'') of the Company.

Mr. Chen's biographical details are set out below.

Mr. Chen Di, aged 41, was appointed as an independent non-executive Director of the Company in June 2017 and redesignated as an executive Director of the Company in March 2021.

Mr. Chen has worked in the banking, finance and securities industry for over 10 years with extensive experience in asset management. From July 2004 to August 2010, he worked at Overseas Chinese Town Group. Subsequently, he established Shenzhen Xiaobai Capital Limited (深圳市小白資本有限公司) in July 2013, making investments in enterprises such as Shenzhen Zhuohua Network and Technology

Limited (深圳市灼華網絡科技有限公司) and Beijing Dingdong Lemon Science and Technology Limited (北京叮咚檸檬科技有限公司) and offering advice for their development. He also established Shenzhen Xiaobai Zhitong Equity Investment Partnership (Limited Partnership) (深圳市小白志同股權投資合夥企業（ 有限合夥） )in

February 2016 and successfully obtained the copyright of the Buzzybee brand in

China. He established Shenzhen Xiaobai Zhitong Investment Consulting Partnership (Limited Partnership) (深圳市小白志同投資諮詢合夥企業（ 有限合夥）), Shenzhen

Xiaobai Digital Media Co., Ltd. (深圳市小白數字傳媒有限公司) and Shenzhen Donghe Digital Media Partnership (Limited Partnership) (深圳東禾數字傳媒合夥企 業（ 有限合夥）) during August to October 2020. In August 2020, he served as a director of China Peak United Holdings (Shenzhen) Co., Ltd. (華峰聯合控股（ 深圳） 有限公司), whose subsidiary China Peak Capital (華峰資本) has received numerous honours and accolades, including the ''Best Innovative Investment Bank in Equity Investment in China 2018'' awarded by renowned magazine Finance China 《( 融資中 國》).

Mr. Chen obtained a bachelor's degree in e-commerce from Liaoning Science and Technology University in June 2004 and a master's degree in applied psychology from Peking University in July 2012. He has enrolled in the 15th Executive Master of Business Administration (EMBA) programme of the PBC School of Finance,

Tsinghua University since September 2020.

Mr. Chen has entered into a new letter of appointment with the Company for a term of 3 years commencing on 19 March 2021 and until terminated by either party by giving at least 3 months' notice. Mr. Chen is subject to retirement by rotation and re-election at the forthcoming annual general meeting in accordance with the articles of association of the Company. Mr. Chen will receive a director's fees of RMB30,000 per month, which has been determined by the Board upon recommendation of the

Remuneration Committee with reference to his experience and duties with the Company and prevailing market conditions.

Save as disclosed above, as at the date of this announcement, (i) Mr. Chen does not hold any other position in the Company or its subsidiaries; (ii) Mr. Chen does not hold any other directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) Mr. Chen does not, and is not deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance

(Chapter 571 of the Laws of Hong Kong); (iv) Mr. Chen does not have any relationship with any Directors, senior management, substantial shareholders (asdefined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') or controlling shareholders (as defined under the Listing Rules) of the Company; and (v) Mr. Chen does not possess any other professional qualifications.

Save as disclosed above, the Board is not aware of any other matters relating to the redesignation of Mr. Chen that need to be brought to the attention of the shareholders of the Company, nor is there any other information which is required to be disclosed by the Company pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

(2) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that with effect from 19 March 2021, Ms. Zhuang Renyan (''Ms. Zhuang'') has been appointed as an independent non-executive Director, member of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee.

Ms. Zhuang's biographical details are set out below.

Ms. Zhuang Renyan, aged 51, was appointed as an independent non-executive Director of the Company in March 2021.

Ms. Zhuang has worked in the accounting and finance sector for more than 26 years. She was a project manager at Shenzhen Xin De CPA (深圳信德會計師事務所) from January 1995 to June 1997, and was posted to Coopers & Lybrand CPA in Hong Kong as an exchange personnel from June 1997 to June 1998. From June 1998 to August 2001, she was a senior manager at Tian Jian Xin De CPA (天健信德會計師事 務所). From August 2001 to September 2009, she served as the chief financial officer and secretary to the board of directors of AAC Technologies Holdings Inc (瑞聲科技 控股有限公司) (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, stock code: 2018). From September 2009 to November 2011, she was the chief financial officer at Tatfook Technology Co., Ltd. (深圳市大富科技股份有限 公司) (now known as Anhui Tatfook Technology Co., Ltd. (大富科技（ 安徽）股份有 限公司), a company listed on the Shenzhen Stock Exchange, stock code: 300134). Since December 2011, she has been a partner of Shenzhen Fortune Focus Fund Management Company Limited (深圳市鑫致誠 基金管理有限公司) and has been appointed by the company to concurrently serve as a director at each of Shenzhen Gaoyuantong New Materials Technology Co., Ltd. (深圳高遠通新材料科技有限公 司) and Xiamen Linktop Technology Co., Ltd. (廈門市淩拓通信科技有限公司), and a supervisor of Shenzhen Busbar Sci-Tech Development Co., Ltd. (深圳巴斯巴科技 發展有限公司). She has been an independent director of Shenzhen Hymson Laser Intelligent Equipment Co., Ltd. (深圳市海目星激光智能裝備股份有限公司 ) (a company listed on the Shanghai Stock Exchange, stock code: 688559) since October 2017. She has been serving as a corporate tutor to students of the master's degree in accounting at Shanghai Maritime University since August 2018.

She has been an independent director of Shenzhen Goodix Technology Co., Ltd. (深 圳市匯頂科技股份有限公司) (a company listed on the Shanghai Stock Exchange, stock code: 603160) since September 2018. She has been a director of Kunshan Ruixiang Xuntong Communication Technology Co., Ltd. (昆山睿翔訊通通信技術有 限公司) since March 2021.

Ms. Zhuang obtained an undergraduate degree in finance and accounting and a graduate degree in Economics in July 1992 and March 1995, respectively, from

Shanghai Maritime Academy (上海海運學院) (renamed Shanghai Maritime University (上海海事大學) in 2004 with the approval of the Ministry of

Education). Ms. Zhuang is a PRC certified public accountant qualified for securities and futures businesses and a senior accountant. She also holds the qualification certificate for independent directors issued by the Shenzhen Stock

Exchange, qualification certificate for independent directors issued by the STAR Market, Shanghai Stock Exchange and qualification certificate for board secretaries issued by the Shenzhen Stock Exchange.

Ms. Zhuang has entered into a letter of appointment with the Company for a term of 3 years commencing on 19 March 2021 and until terminated by either party by giving at least 3 months' notice. Ms. Zhuang is subject to retirement by rotation and re-election at the forthcoming annual general meeting in accordance with the articles of association of the Company. Ms. Zhuang will receive a director's fees of HK$15,000 per month, which has been determined by the Board upon recommendation of the Remuneration Committee with reference to her experience and duties with the Company and prevailing market conditions.

Save as disclosed above, as at the date of this announcement, (i) Ms. Zhuang does not hold any other position in the Company or its subsidiaries; (ii) Ms. Zhuang does not hold any other directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) Ms. Zhuang does not, and is not deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and

Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (iv) Ms. Zhuang does not have any relationship with any Directors, senior management, substantial shareholders (as defined under the Listing Rules) or controlling shareholders (as defined under the Listing Rules) of the Company; and (v) Ms. Zhuang does not possess any other professional qualifications.

Ms. Zhuang has confirmed her independence in accordance with Rule 3.13 of the

Listing Rules. Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Ms. Zhuang that need to be brought to the attention of the shareholders of the Company, nor is there any other information which is required to be disclosed by the Company pursuant to Rule 13.51(2)(h) to (v) of the

Listing Rules.

The Board wishes to take this opportunity to extend to Ms. Zhuang its warmest welcome.

(3) CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

Following the redesignation of Mr. Chen as an executive Director and appointment of Ms. Zhuang as an independent non-executive Director; (i) Mr. Chen has resigned as member of the Audit Committee, chairman of the Remuneration Committee and member of the Nomination Committee; (ii) Ms. Zhuang has been appointed as member of each of the Audit Committee, Remuneration Committee and Nomination Committee; and (iii) Mr. Yang Zhen, independent non-executive Director, has been appointed as chairman of the Remuneration Committee, with effect from 19 March 2021.

By Order of the Board Fire Rock Holdings Limited

Su Yi

Executive Director and CEO

Hong Kong, 19 March 2021

As at the date of this announcement, the executive Directors are Mr. Su Yi, Mr. Zhou Kun and Mr. Chen Di; the non-executive Directors are Mr. Zhang Yan, Mr. Huang Yong and Ms. Yang Kan; and the independent non-executive Directors are Mr. Chan King Fai, Mr. Yang Zhen and Ms. Zhuang Renyan.