Fullwealth International Group Holdings Limited announced that Mr. Peng Peng ("Mr. Peng") has resigned as an independent non-executive Director, a member of each of the audit committee of the Board (the "Audit Committee"), the remuneration committee of the Board (the "Remuneration Committee") and the nomination committee of the Board (the "Nomination Committee") with immediate effect due to his health issue; and Mr. Chen Wen ("Mr. Chen") has resigned as an independent non-executive Director, a member of each of the Audit Committee and the Nomination Committee and the chairman of the Remuneration Committee with immediate effect due to his personal work arrangement. Each of Mr. Peng and Mr. Chen has confirmed that he has no disagreement with the Board. The Board announced that following the resignation of Mr. Peng and Mr. Chen: (i) Mr. Yam Yuet Hang ("Mr. Yam") has been appointed as an independent non-executive Director, a member of each of the Audit Committee and the Nomination Committee and the chairman of the Remuneration Committee with immediate effect; and (ii) Ms. Cheung Ka Yi ("Ms. Cheung") has been appointed as an independent non-executive Director, a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee with immediate effect.

Mr. Yam, aged 35, has over 10 years of accounting, audit and finance experience. Mr. Yam obtained his master degree of science in data science and business statistic from The Chinese University of Hong Kong in November 2017 and bachelor degree of commerce in accounting from Macquarie University in April 2012. He has been Certified Practising Accountant (CPA Australia) since August 2015.

Mr. Yam worked as a auditor junior in Akin CPA Limited for the period from May 2012 to May 2013; a global trust accounting in HSBC Trustee (Hong Kong) Limited for the period from August 2013 to July 2014; a senior financial analysis officer in Corporate Credit Information of Corporate Credit Management Center of Bank of China (Hong Kong) Limited for the period from August 2014 to August 2015; a contract teacher in Bethel High School for the period from September 2015 to August 2017; a financial manager in VMI Securities Limited for the period from August 2017 to December 2020; and a senior vice-president in Venture Markit (Hong Kong) Limited for the period from January 2021 to October 2023. Mr. Yam is currently a senior finance manager in Crosstec Business Management Limited. Ms. Cheung, aged 33, has over 10 years of secretarial and administrative experience.

Ms. Cheung obtained her bachelor degree of science in investment science from The Hong Kong Polytechnic University in October 2013. The Company has entered into a letter of appointment with Ms. Cheung regarding her directorship for an initial term of three year. Her appointment is subject to retirement by rotation and reelection pursuant to the Listing Rules and the Articles.

Ms. Cheung is entitled to a fixed monthly Director's remuneration of HK$10,000, which was determined by the Board with reference to the recommendations from the Remuneration Committee, after taking into account multiple factors, including her position and responsibilities within the Company, her qualification, experience and remuneration level of market peers.