Fulu Holdings Limited announced at the AGM held on May 30, 2023 that the company approved Mr. Mao Feng ("Mr. Mao") wished to devote more time to his work related to corporate finance and investor relations management and has not offered himself for re-election at the AGM and has retired as an executive Director with effect from the conclusion of the AGM. Mr. Mao will continue to serve as the vice president and joint company secretary of the Company.