Min Fu International Holding Limited announces that, with effect from 4 November 2022, Mr. Huang Minzhi has resigned as an executive Director, the chairman of the Board; the compliance officer (the "Compliance Officer") of the Company under Rule 5.19 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange of Hong Kong Limited; the authorised representative of the Company under Rule 5.24 of the GEM Listing Rules; and the chairman of nomination committee, in order to devote more time to his personal business developments. The Board announced that with effect from 4 November 2022, Ms. Ye Jialing ("Ms. Ye") has been re-designated from a non-executive Director to an executive Director. Set out below are the biographical details of Ms. Ye: Ms. Ye, aged 36, has over six years of experience in cemetery investment and management, funeral services and property investment.

She joined the Company as non-executive Director on 7 January 2022 and is currently the chief operating officer of Shenzhen Min Fu Cultural Development Co. Ltd. where she is responsible for the design and management of humanities memorial park, research and development of digital management system and funeral services. She is also currently the investment consultant of Shenzhen Qianhai Min Fu Asset Management Co.

Ltd. where she is responsible for property investment and cemetery investment. She graduated from Guangdong Academy of Literature and Art Guangdong, the People's Republic of China in 2008. The Board announced that with effect from 4 November 2022, Mr. Zeng Weijin, an executive Director and the chief executive officer of the Company, has been appointed as (i) the Chairman; (ii) the Authorised Representative; (iii) the chairman of Nomination Committee; and (iv) the Compliance Officer.