The board of directors of Fujian Holdings Limited announced the following changes with effect from 20 August 2018: The Board announces that Mr. Liu Hongjian has resigned as the Chairman and an executive Director due to other work commitments in Mainland China with effect from 20 August 2018. Mr. Liu confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board announces that Mr. Chen Yangbiao has been appointed as the Chairman and an executive Director with effect from 20 August 2018. Mr. Chen, aged 57, is currently secretary of Communist Party Committee, chairman of the board of directors and legal representative of Fujian Tourism Development Group Co. Ltd.