The board of directors of Fullwealth International Group Holdings Limited announced that with effect from 22 May 2023, Mr. Leung Gavin has resigned as an independent non-executive director of the Company and has ceased to be the chairman of the audit committee of the Board; the member of each of the remuneration committee of the Board and the nomination committee of the Board as he wants to devote more time on his personal and other business. The Board announced that the following appointments all with effect from 22 May 2023: Mr. Wang Tianzi has been appointed as an executive Director; Mr. Wang, aged 30, has been the vice president of Silverbricks Securities Company Limited since December 2021. Prior to that, Mr. Wang has accumulated over 7 years of experience in corporate finance and management.

He worked in various companies including local and foreign banks, private equity funds in China and asset management companies and has gained extensive experience in investment and finance. Mr. Wang earned a bachelor's degree in marketing from the Southwest University of Science and Technology in 2015. Mr. Wang was appointed as an independent non-executive director of Carry Wealth Holdings Limited, a company listed on the Main Board of the Stock Exchange, for the period from 1 February 2023 to 22 May 2023.

Mr. Cheng Wai Hei has been appointed as an independence non-executive Director and the chairman of Audit Committee; the member of each of the Remuneration Committee and the Nomination Committee. Mr. Cheng, aged 42, Mr. Cheng obtained his Bachelor's degree of arts in accounting and finance from the Leeds Metropolitan University (currently known as Leeds Beckett University) in the United Kingdom in May 2005. He obtained his Master's degree of business administration from The Hong Kong Polytechnic University in September 2017.

He has been a fellow of the Association of Chartered Certified Accountants since October 2011. He was admitted to Graduateship of The Institute of Chartered Secretaries and Administrators (currently known as The Chartered Governance Institute) in February 2013 and has been an associate of The Hong Kong Institute of Chartered Secretaries (currently known as The Hong Kong Chartered Governance Institute) since May 2013.