The board of directors of Fujian Holdings Limited announced the following changes with take effect from 7 March 2024: Mr. Wang Ruilian ("Mr. Wang") has resigned as a non-executive Director of the Company; and Mr. Huang Songqing ("Mr. Huang") has been appointed as a non-executive Director of the Company. The Board announces that Mr. Wang has reached the retirement age and resigned as the non-executive director of the Company with effect from 7 March 2024. Mr. Wang has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board announces that Mr. Huang has been appointed as the non-executive Director of the Company with effect from 7 March 2024. Mr. Huang, aged 52, currently serves as the Chairman of Huamin Investment Group Co. Ltd. He is responsible for the overall management of over 20 companies under Fujian Tourism Development Group Limited in Hong Kong.

Mr. Huang holds a bachelor's degree in Industrial Management Engineering from Tianjin University of Commerce (formerly known as Tianjin Business school). He has held managerial positions in various departments or wholly-owned and joint ventures of provincial state-owned enterprises in mainland China. From 2002 to 2004, he was assigned to work in Hong Kong for two years.

He served as an official in the Fujian Provincial Government State-owned Assets Supervision and Administration Commission from 2012 to 2014. He is familiar with the operational models and related regulations of mainland state-owned enterprises and mixed-ownership enterprises, and has a certain international perspective and extensive experience in management and capital operations. Mr. Huang has previously held positions such as Deputy General Manager of Dongguan Changming Toy Factory, Deputy General Manager of Investment Planning Department of Fujian Huamin Industry Group Co.

Ltd., Director of Operation and Management Department of Fujian Tourism Development Group Co. Ltd. Chairman of Fujian Fulv Tourism Co. Ltd. Director of Fujian Huamin Industry Group Co.

Ltd. Director of Fujian Lv Fa Scenic Area Operation Management Co. Ltd. and Employee Director of Fujian Tourism Development Group Co. Ltd.