Fuxing China Group Limited announced the retirement of Mr. Qiu Qing Yuan as Independent Director. Role And Responsibilities were Chairman of the Nominating Committee - Member of the Audit Committee and Remuneration Committee. Job Title was Chairman of the Nominating Committee - Member of the Audit Committee and Remuneration Committee.

Reason For Cessation: Mr. Qiu Qing Yuan ("Mr. Qiu"), who is retiring pursuant to Bye-law 86 of the Company's Bye-laws, will not be seeking re-election as a Director of the Company at the Company's forthcoming Annual General Meeting ("AGM") to be held on 29 April 2024. Mr. Qiu has served on the Board for more than nine (9) years. In view of the nine-year tenure limit for Independent Directors prescribed under the Singapore Exchange Securities Trading Limited Listing Manual, Mr. Qiu has decided to step down and not seek for re-election as a Director at the forthcoming AGM to facilitate Board renewal.

Accordingly, Mr. Qiu will retire from his role as Independent Director of the Company and relinquish his position as Chairman of the Nominating Committee, and a member of the Audit Committee and Remuneration Committee upon the conclusion of the AGM. The Company will release an updated announcement on the updated Board and the respective Board Committees' composition when it has been finalised.