The board of directors of Fullwealth International Group Holdings Limited announced that Ms. Ma Xiaoqiu ("Ms. Ma") has been removed as a non-executive Director and the chairlady of the Company (the "Removal") with effect from 16 January 2024 by notice in writing served on her signed by not less than three-fourths in number (or if that is not a round number, the nearest lower round number) of the Directors (including Ms. Ma herself) currently in office in accordance with Article 105(h) of the amended and restated articles of association of the Company. The Removal was made for the best interest of the Company and its shareholders as a whole taking into account (i) Ms. Ma has been absent in all Board meetings since December 2023; and (ii) the management style and philosophy of Ms. Ma are substantially different from that of the other members of the Board. Following the Removal, Ms. Ma ceased to be the chairlady of the Board, a member of the remuneration committee of the Board and the chairlady of the nomination committee of the Board.

Ms. Cheung Ka Yi has been appointed as the chairlady of the nomination committee of the Board with effect from 16 January 2024.