The board of directors of Fulum Group Holdings Limited announces that Mr. Wu Kam On Keith has resigned as an executive Director, the chief executive officer of the Group (the "Chief Executive Officer") and a member of the executive committee of the Board (the "Executive Committee"), and is re-designated as a non-executive Director (the "Re-Designation") with effect from 13 January 2023. Following the Re-Designation, Mr. Wu will remain as the vice chairman of the Board (the "Vice Chairman") and will therefore serve as a non-executive Vice Chairman with effect from 13 January 2023. Mr. Wu, aged 48, had been an executive Director and the Chief Executive Officer since 13 May 2021 and was responsible for overseeing the management and operations of the Group. Mr. Wu has extensive experience in the food and beverage ("F&B") industry in Hong Kong as well as over
25 years of financial and accounting experience. Mr. Wu joined the Group as an independent non- executive Director in October 2014. Mr. Wu received a Bachelor of Arts (Honours) in Accountancy from the City University of Hong Kong in November 1997, a degree of Master of Corporate Governance from the Hong Kong Polytechnic University in October 2009 and a Postgraduate Certificate in Sustainable Value Chains from the University of Cambridge in May 2019. Mr. Wu was admitted as a fellow and accredited as an authorized supervisor of Hong Kong Institute of Certified Public Accountants in September 2008 and July 2012, respectively. He was admitted as a fellow and registered as a certified tax advisor of The Taxation Institute of Hong Kong in July 2010 and August 2010, respectively. He was also admitted as a fellow associate, chartered secretary and chartered governance professional of The Hong Kong Chartered Governance Institute in September 2018 and elected as a fellow associate,
chartered secretary and chartered governance professional of The Chartered Governance Institute in the United Kingdom in September 2018. Mr. Wu was also a member of the executive committee member of Group 8 (food, beverages and tobacco) of the Federation of Hong Kong Industries.