Phoenix Plus Corp. announced that Mr. Fong Teck Kheong (“Mr Fong”), Chief Executive Officer, President, Director, Secretary and Treasurer of Phoenix Plus Corp., (the “Company”) resigned from the Board of Directors (the “Board”) of the Company, effective immediately. In connection with such resignation, Mr. Fong also resigned as the Chief Executive Officer, President, Secretary and Treasurer (collectively, “Other Positions”) of the Company.

Mr. Fong's decision to resign from the Board and Other Positions was due to his intention to pursue other personal interest. On February 28, 2023, Mr. Lee Chong Chow (“Mr. Lee”), who is also a member of the Board, is appointed as the Chief Executive Officer and Other Positions, effective immediately. Mr. Lee, aged 52, holds a Bachelor degree of Economic from Shobi University since 2005.

After his graduation, he then started up a company doing small trading and investment in Japan. After the Fukushima nuclear disaster, Mr. Lee dedicated himself to make best contribution to improve the human living environment and develop the sustainable energy solar power energy industry. Mr. Lee has invested more than 10 companies that are specialising in green solar power until today.

Mr. Lee also has more than 10 years of working experiences in the solar industry companies such as Fujisolar co.ltd, Choyo Power co.ltd, Vsun co.ltd (Vietnam) and many more which are providing solar energy solutions.