The board of directors of Min Fu International Holding Limited announced that, with effect from 20 July 2023, Mr. Lu Shengwei (Mr. Lu) has been appointed as an independent non-executive Director and the chairman of the audit committee of the Company (the Audit Committee). Mr. Lu, aged 33, graduated from Jiangxi University of Finance and Economics with a bachelor's degree in accountancy and law in 2012 and has extensive experience in finance and taxation. Mr. Lu assumed various positions in different enterprises in the People's Republic of China (the "PRC") including as a tax manager in China Construction Second Bureau Second Construction Engineering Co.

Ltd. from 2012 to 2017, as a finance and taxation expert and trainer in Yiqiying Network Technology Co. Ltd. from 2017 to 2020, and as a financial manager in Wangqibang Technology Group Co. Ltd. from 2021 to 2022.

Since July 2022, he has been a partner of Nanqiao Xi Tax Accountant Firm (Shenzhen) Co. Ltd. and is responsible for advising on finance and compliance matters, as well as conducting lectures on tax laws and regulations in the PRC. Mr. Lu passed all the required subjects of the professional stage of the National Uniform CPA Examination of the PRC in 2020.

He also obtained the qualification certificate of tax advisor issued by China Certified Tax Agents Association in 2018 and the qualification certificate of public valuer issued by China Appraisal Society in 2021.