Fuhuiyuan International Holdings Limited announced that on January 17, 2014, the company entered into and closed a Share Purchase and Sale Agreement dated January 1, 2014 pursuant to which the company sold to 4 shareholders of the Company, Stolfin Wong (company's President and Director), Eric Lo (company's then Director), Hon Ming Tony Wong, and Willie Chan, 100% of the issued and outstanding securities in its wholly owned subsidiary, KWest Investments & Development Inc. (KWest Alberta), an Alberta corporation. In consideration of the sale of KWest Alberta, the 4 purchasers tendered to the company for cancellation 3,000,000 common shares in its capital stock. Subsequent to the closing of the transaction, on January 20, 2014, the company's board of directors accepted the resignations of Stolfin Wong as President, Treasurer, Secretary and director of the company and Eric Lo, as director of the company.

Concurrent with the resignations of Messrs. Wong and Lo, the company has appointed Jinglan Dong as its President and Chief Executive Officer and Billy Tung as its Chief Financial Officer, Secretary, Treasurer, and as a director on the board of directors. Jinglan Dong is an entrepreneur based in Hong Kong.

Since 2007, Ms. Dong has served as general manager of Qingdao Fuhuiyuan Investment Co. Ltd. Ms. Dong has served as a director on the company's board of directors since October 31, 2013. Billy Tung has over 17 years of experience in the field of accounting and finance.