Founder Holdings Limited announced that Mr. Hu Bin ("Mr. Hu") has tendered his resignation as an Executive Director on 10 April 2024 due to other business commitments. The board announced that with effect from 10 April 2024, Mr. Li Shuo Feng is appointed as an Executive Director. Mr. Li, aged 38, is a senior director of the department of capital operations of New Founder Holdings Development Co.

Ltd., the substantial shareholder of the Company. Mr. Li received a bachelor's degree of accountancy from Renmin University of China in 2009 and received a master's degree of business administration from The Chinese University of Hong Kong in 2023 respectively. He has been a Chinese Certified Public Accountant in an international firm of Certified Public Accountants.

Mr. Li has extensive business experience and managerial experience in the aspect of finance and treasury management.