The board of directors of Fujian Holdings Limited announced the following changes with effect from 23 June 2022: Ms. LIN Nuchao has been appointed as the chairman of the Board and an executive Director; Mr. Yang Liyu has been appointed as the general manager of the Company and an executive Director and Mr. Zhang Jianmin has been appointed as an executive Director.; Ms. Chen Danyun has resigned as the General Manager and has been re-designated from an executive Director to a non-executive Director due to other work commitments in Mainland China; and Mr. Chen Yang and Mr. Feng Qiang have resigned as an executive Director and non-executive Director respectively due to other work commitments in Mainland China. Ms. Lin, aged 48, is currently the vice chairman and general manager of Fujian Tourism Development Group Company Limited. She is responsible for the daily operation and management of the Group and principal-in-charge of operational management office (production safety office) and strategic development office and liaises with Fujian Tourism Investment Group Company Limited.

Ms. Lin holds a master's degree in literature from Fujian Normal University and holds a postgraduate qualification in ancient Chinese literature from the College of Chinese Language and Literature. Ms. Lin has rich experience in administrative management and enterprise management. Ms. Lin has taken up a number of management posts, including principal staff member of general affairs office of Fujian Province, manager of general affairs office and deputy general manager of liaison and coordination office of Fujian Enterprise (Holdings) Company Limited, general manager of general affairs office of Fujian Huamin Industrial Group Company Limited, chairman and general manager of Fujian CTS Group (and chief of office and general manager and vice chairman of Fujian Tourism Development Group Company Limited.

Mr. Yang, aged 48, is a deputy general manager of Fujian Tourism Development Group Company Limited and general manager of Fujian Enterprises (Holdings) Company Limited, principle-in-charge of businesses in Hong Kong, liaises with Fujian Huamin Industrial Group Company Limited, Fujian Enterprises (Holdings) Company Limited, Fujian Investment Holdings Company Limited, Fujian Holdings Limited and Hua Min Tourism Company Limited and etc. In 2017, Mr. Yang was awarded as excellent talent (transnational operation and management expert) by State-owned Assets Supervision and Administration Commission of the People's Government of Fujian Province. Mr. Yang holds a bachelor's degree in accounting from China Central Radio and TV University.

Mr. Yang has rich experience in administrative management, enterprise management and capital operation. Mr. Yang served successively as deputy general manager of Dongguan Changming Toy Factory, deputy general manager of coordination office of Fujian Enterprises (Holdings) Company Limited, general manager of Huamin Tourism Company Limited., chairman and general manager of Fujian Huamin Industrial Group Company Limited, general manager of Fujian Enterprises (Holdings) Company Limited and deputy general manager of Fujian Tourism Development Group Company Limited. Mr. Zhang, aged 54, has over 30 years' experience in finance management.

Mr. Zhang has taken up a number of management posts, including the director and chief financial officer of Fujian Huamin Industrial Group Company Limited, an assistant director of finance department of Fujian Tourism Development Group Company Limited and the director and chief financial officer of Fujian Investment Holdings Company Limited. Mr. Zhang obtained his bachelor degree in economics from Xiamen University in the People's Republic of China. Mr. Zhang is a senior economist.