FIT Hon Teng Limited announced that, as proposed by the Nomination Committee and after review and approval by the Board, Mr. TRAINOR-DEGIROLAMO Sheldon ("Mr. Trainor-DeGirolamo"), who was appointed as an independent non-executive Director on May 10, 2019, has been re-designated as a non-executive Director with effect from March 17, 2022. Mr. Trainor-DeGirolamo has confirmed that, as of the date of this announcement, he has no disagreement with the Board and there is no matter in relation to his re-designation that needs to be brought to the attention of the Shareholders or the Stock Exchange. The Board further announces that, as a result of the aforesaid re-designation and in order to comply with Rule 3.27A of the Listing Rules (which requires a majority of Nomination Committee members to be independent non-executive Directors) and balance the composition of various Board committees, (i) Mr. Trainor-DeGirolamo has been replaced by Mr. CHAN Wing Yuen Hubert, an independent non-executive Director ("Mr. Chan"), as a member of the Nomination Committee; and (ii) Mr. Chan has been replaced by Mr. Trainor-DeGirolamo as a member of the ESG Committee, both with effect from March 17, 2022.

After the aforesaid change of composition of Board committees, (i) Mr. Trainor-DeGirolamo is a member of each of the Remuneration Committee and the ESG Committee; and (ii) Mr. Chan is the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee. Mr. TRAINOR-DEGIROLAMO Sheldon, aged 58, is currently the Managing Partner of PacBridge Capital Partners (HK) Limited.