Future Data Group Limited announced that each of Mr. Suh Seung Hyun, Mr. Phung Nhuong Giang and Mr. Ryoo Seong Ryul has resigned as an executive Director; and each of Mr. Wong Sik Kei, Mr. Sum Chun Ho and Mr. Yung Kai Tai has resigned as an independent non-executive Director. Following the resignations of Mr. Phung Nhuong Giang and Mr. Ryoo Seong Ryul as executive Directors, Mr. Phung Nhuong Giang has also resigned as the deputy chairman of the Board and Mr. Ryoo Seong Ryul has also resigned as the chief financial officer of the Group with effect from 31 October 2022. The resignation of the aforesaid Directors (collectively, the "Outgoing Directors") was due to change in control of the Company after completion of the sale and purchase of the Sale Shares pursuant to the Sale and Purchase Agreement and the wishes of the Outgoing Directors to focus on personal affairs and other business engagements.

Each of the Outgoing Directors has confirmed that he has no disagreement with the Board and there are no matters in respect of his resignation that need to be brought to the attention of the Shareholders, the Stock Exchange or other regulatory authorities. The Board would like to take this opportunity to express its appreciation to the Outgoing Directors for their invaluable contribution to the Group during their tenure of office. The Board announced that with effect from 31 October 2022: Ms. Tao Hongxia has been appointed as an executive Director; and each of Mr. Chan Kin Ming, Mr. Lam Chi Cheung Albert and Mr. Yu Wing Chung has been appointed as an independent non-executive Director.

Ms. Tao, aged 49, is the sole beneficial owner and the sole director of Gorgeous Real Investment. She is the sister of Mr. GL Tao and Mr. J Tao. Ms. Tao obtained her bachelor's degree from Southwest Institute of Technology (currently known as Southwest University of Science and Technology in Chongqing of the PRC in June 1996.

Ms. Tao has extensive experience in supply chain-related and real estate-related multi0-industry management. She had served in a number of companies, including Jinke Property Group Co. Ltd.) with her last position being the person in charge of the procurement centre, Chongqing Hongtao Culture Media Co.

Ltd. as the chairlady of the board of directors, Chongqing Hongtai Real Estate Co., Limited* as the cooperative resources general manager, Chongqing Jianglong Construction Group* as the general manager of the cost control department and Chongqing City Hongtao Investment Company Limited as the chairlady of the board of directors. Ms. Tao was the executive director, general manager and legal representative of Chongqing Hongtao Network Technology Co. Ltd. ("Chongqing Hongtao Network"), a company established in the PRC with limited liability which principally engaged in computer network technology development and technical consultancy services, immediately prior to its dissolution by voluntary deregistration on 20 June 2019 as the company was inactive.

Ms. Tao confirmed that there was no wrongful act on her part leading to the dissolution of Chongqing Hongtao Network and she is not aware of any actual or potential claim that has been or will be made against her as a result of the dissolution of Chongqing Hongtao Network as at the date of this announcement. Mr. Chan Kin Ming ("Mr. Chan"), aged 34, has over 10 years of experience in auditing and finance. Mr. Chan currently serves as the company secretary of China Environmental Energy Investment Limited, a company listed on the Main Board of the Stock Exchange with stock code 986.

Mr. Chan worked for an international audit firm with his last position being an audit manager and has experience in performing audits for listed companies. Mr. Chan is a certified public accountant of the Hong Kong Institute of Certified Public Accountants and holds a Bachelor's degree in Accounting from the Edinburgh Napier University. Mr. Lam Chi Cheung Albert ("Mr. Lam"), aged 45, has approximately 22 years of experience in the information and communication technology industry.

Mr. Lam is a co-founder and the chief marketing officer of NOVELTE ROBOTICS LIMITED, a company incorporated in Hong Kong which principally engages in the provision of robotics solutions and computer vision technology. He was the chief executive officer of EMBRAZZ DIGITAL TECHNOLOGY LIMITED, a company established in the PRC with limited liability which principally engages in the design and development of online applications, from July 2017 to December 2019. From 2013 to 2017, Mr. Lam worked at PriceWaterhouseCoopers with his last position being an associate director and was responsible for technology innovation and project planning.

From August 2009 to August 2013, Mr. Lam worked at TOUCHMEDIA, a digital design house, with his last position being the general manager. Mr. Lam obtained a degree of Master of Science in China Business Studies from The Hong Kong Polytechnic University in November 2004. In December 1999, Mr. Lam obtained a degree of Bachelor of Engineering in Industrial Management and Manufacturing Systems Engineering from The University of Hong Kong.

Mr. Yu Wing Chung ("Mr. Yu"), aged 42, has over 15 years of experience in auditing and finance. Mr. Yu is a practicing Certified Public Accountant and has provided auditing and accounting services to his clients since 2016. Mr. Yu served as the financial controller of New Progress Construction Company Limited from January 2018 to August 2021.

He worked at RSM Hong Kong from May 2005 to May 2016, with his last position being a manager in the Audit & Assurance Services Department. Mr. Yu was admitted as an associate of The Institute of Chartered Accountants in England and Wales in January 2021. He was admitted as a fellow and a member of the Hong Kong Institute of Certified Public Accountants in July 2016 and January 2008, respectively.

Mr. Yu obtained a degree of Bachelor of Arts in Accounting from The Hong Kong Polytechnic University in November 2003. Each of the Mr. Chan, Mr. Lam and Mr. Yu has entered into a letter of appointment with the Company for an initial term of one year commencing on 31 October 2022 (subject to retirement by rotation and re-election in accordance with the Company's articles of association). Each of Mr. Chan, Mr. Lam and Mr. Yu is entitled to a remuneration of HKD 120,000 per annum by reference to his background, qualifications, experience, level of responsibilities undertaken with the Company and prevailing market conditions.