Fullwealth International Group Holdings Limited announce the following appointments and change of authorised representative, all with effect from 28 May 2023: Mr. Tsang Chun Ho Anthony ("Mr. Tsang") has been appointed as an executive Director of the Company; Mr. Choi Tan Yee ("Mr. Choi") has been appointed as a non-executive Director of the Company and an authorised representative of the Company under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and Mr. Tsang, aged 38, is currently the managing director of Fuchsia Capital Limited. He has been appointed as an executive director and a member of the investment committee of Carry Wealth Holdings Limited, a company listed on Main Board of the Stock Exchange (stock code: 643) since February 2023 and an executive director of TOMO Holdings Limited, a company listed on Main Board of the Stock Exchange since April 2023. He was also a fund manager of Emperor Greater China Investment Fund and Orient Investment Fund.

Mr. Tsang has accumulated over 15 years of experience in financial investment, capital operation, corporate governance, strategic planning and mergers and acquisitions. He holds the Honorary Doctor of Business Administration from Lincoln University College and a Master Degree of Business Administration from Heriot-Watt University Edinburgh Business School. Mr. Tsang has been accredited with the "Forbes Outstanding Leader Award" and the "World Outstanding Chinese Award" in 2022.

The Company has entered into a service contract with Mr. Tsang regarding his directorship for an initial term of three years. His appointment is subject to retirement by rotation and re-election pursuant to the Listing Rules and the amended and restated articles of association of the Company. Mr. Tsang is entitled to a fixed monthly Director's remuneration of HKD 30,000, which was determined by the Board with reference to the recommendations from the Remuneration Committee, after taking into account multiple factors, including his position and responsibilities within the Company, his qualification, experience and remuneration level of market peers.

Mr. Choi, aged 39, is currently a responsible officer for Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the SFO for Rainbow Capital (HK) Limited, where he is responsible for supervising and leading execution of corporate finance projects. Mr. Choi has over 15 years of experience in corporate finance, accounting and auditing. He has been appointed as an executive director, a member of the investment committee and an authorized representative of Carry Wealth Holdings Limited, a company listed on Main Board of the Stock Exchange (stock code: 643) since February 2023 and a non-executive director and authorized representative of TOMO Holdings Limited, a company listed on Main Board of the Stock Exchange (stock code: 6928) since April 2023.

Prior to the establishment of Rainbow Capital (HK) Limited in 2019, Mr. Choi worked in China Tonghai Capital Limited (formerly known as "Quam Capital Limited") between January 2015 and December 2019 with the last position as director. Between December 2009 and December 2014, Mr. Choi worked in Somerley Capital Limited with the last position as senior manager. He handled various initial public offerings, merger and acquisition transactions and fund-raising exercises.

Mr. Choi also worked in the audit division of Grant Thornton from 2006 to 2009. Mr. Choi graduated from The Chinese University of Hong Kong with a bachelor's degree of business administration in December 2005. The Company has entered into a service contract with Mr. Choi regarding his directorship for an initial term of three years.

His appointment is subject to retirement by rotation and re-election pursuant to the Listing Rules and the amended and restated articles of association of the Company. Mr. Choi is entitled to a fixed monthly Director's remuneration of HK$30,000, which was determined by the Board with reference to the recommendations from the Remuneration Committee, after taking into account multiple factors, including his position and responsibilities within the Company, his qualification, experience and remuneration level of market peers.