The board of directors of Furniweb Holdings Limited announced the following changes. Mr. Cheah Eng Chuan (?Mr. Cheah?) resigned as an executive Director, an authorised representative of the Company under Rule 5.24 with effect from 31 March 2024 to devote more time for his personal and other engagements following his retirement. Mr. Cheah confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the ?Shareholders?) and the Stock Exchange of Hong Kong Limited (the ?Stock Exchange?).

Mr. Tan Chuan Dyi (?Mr. Tan?) was appointed as an executive Director with effect from 1 April 2024. Mr. Tan, aged 52, joined the Group in January 2014. He was an executive Director, a compliance officer, an authorised representative of the Company under the GEM Listing Rules and a member of the risk management committee of the Company until his resignation on 6 November 2019.

He is currently the chief operating officer for the Group's Manufacturing Division (Vietnam and Malaysia). He is a director in other members of the Group, namely Furniweb Manufacturing Sdn. Bhd., Furniweb Safety Webbing Sdn.

Bhd., TS Meditape Sdn. Bhd., Texstrip Manufacturing Sdn. Bhd., Webtex Trading Sdn.

Bhd., Syarikat Sri Kepong Sdn. Bhd. and FIPB International Limited.

He is also a member of board of management for Furniweb (Vietnam) Shareholding Company and Trunet (Vietnam) Co. Ltd. Mr. Tan obtained a Bachelor of Science in Business Administration (Major in Finance) from California State University, Fresno in the United States in May 1993. He has more than 20 years of experience in the financial services industry, particularly in the areas of fund management, institutional broking, investment banking and capital markets.

Mr. Tan served as a portfolio management officer at AMMB Asset Management Sdn. Bhd. from January 1995 to June 2000 where he provided analysis on securities and portfolio management.

Later, he took up the role as a senior vice-president at Institutional Sales Department of Affin-UOB Securities Sdn. Bhd. from July 2000 to February 2006.

In February 2006, he joined another securities firm, CIMB Securities Sdn. Bhd., also as the senior vice-president of its Institutional Sales Department until December 2006. In these two securities firms, he was involved in equity sales and placements in both domestic and international placements.

Subsequently, he joined RHB Investment Bank Bhd. from January 2007 to June 2011 as the Head of Equity Capital Market Department. He was a director, Head of Equity Syndication of Group Investment Banking, Kenanga Investment Bank Bhd.

from September 2011 to December 2013. During his employment with both banks, he was involved in researching, marketing and placement of equity and equity linked products. Mr. Tan has been appointed as an independent non-executive director of Naim Holdings Berhad, a company with its shares listed on Bursa Malaysia since February 2017.

Mr. Andrew Chan Lim-Fai, an executive Director, was appointed as an authorised representative of the Company under Rule 5.24 with effect from 31 March 2024. Mr. Cheah ceased as a member of the Nomination Committee following his resignation as an executive Director with effect from 31 March 2024. Dato' Lua Choon Hann, an executive Director, was appointed as a member of the Nomination Committee with effect from 31 March 2024.