Folangsi Co., Ltd. announces that, Mr. Zhu Yingchun has resigned as non-executive Director; Mr. Shu Xiaowu has resigned as non-executive Director; and Mr. Wang Chuanbang has resigned as independent non-executive Director, each with effect from June 14, 2024, due to their personal career plans. Following the aforesaid resignations and with effect from June 14, 2024, Mr. Zhu has resigned as a member of the Audit Committee and a member of the Strategy Committee; Mr. Shu has resigned as a member of the Strategy Committee; and Mr. Wang has resigned as the chairman of the Audit Committee and a member of the Remuneration Committee. At the Meeting, the appointments of Mr. Zhou Limin as executive Director, Mr. Yu Chuanfen as non-executive Director, and Mr. Du Lizhu as independent non-executive Director were duly approved by the Shareholders and such appointments took effect immediately thereafter. References are made to the March Announcement and the First Circular. The Board of Directors announces that, Mr. Zhang Xiaolong has resigned as Supervisor with effect from June 14, 2024 due to his personal career plan. At the Meeting, the appointment of Ms. Liu Xiaoli ("Ms. Liu") as Supervisor was duly approved by the Shareholders and such appointment took effect immediately thereafter. References are made to the March Announcement and the First Circular. The Board of Directors announces that, with effect immediately after the Meeting: (1) Mr. Qian Xiaoxuan, an executive Director, has been appointed as a member of the Strategy Committee;
(2) Mr. Chiang Edward, an independent non-executive Director and a member of the Nomination Committee and a member of the Strategy Committee, has also been appointed as a member of the Audit Committee; (3) Mr. Yu has been appointed as a member of the Strategy Committee; and (4) Mr. Du has been appointed as the chairman of the Audit Committee and a member of the Remuneration Committee.