The board of directors (the "Board") of Founder Holdings Limited (the "Company") hereby announced that with effect from 12 June 2023, Mr. Chak Chi Shing (``Mr. Chak'') is appointed as an independent non-executive director of the Company. Mr. Chak, aged 42, holds a Bachelor's degree in commerce in Accounting and Finance from Curtin University of Technology. He is a certified public accountant of Hong Kong Institute of Certified Public Accountants and Certified Public Accountant Australia.

Mr. Chak has more than 15 years of experience in auditing, accounting, corporate finance and financial management and years of experience in company secretarial matter and corporate governance in listed companies. Mr. Chak has been appointed as the chief financial officer and company secretary of Tokyo Chuo Auction Holdings Limited (stock code: 1939), a company listed on the main board ("Main Board") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") since September 2019. He has been an independent non-executive director of (i) SDM Group Holdings Limited (stock code: 8363), a company listed on the GEM since May 2019; (ii) Link-Asia International MedTech Group Limited (stock code: 1143), a company listed on the Main Board of Stock Exchange since June 2021; and (iii) Sunyes Electronics Manufacturing (Guangdong) Co., Ltd* (stock code: 002388), a company listed on the Shenzhen Stock Exchange since February 2023.

The Board announces that Mr. Chak is appointed as a member of the audit committee (the "Audit Committee") and remuneration committee (the "Remuneration Committee") of the Company with effect from 12 June 2023.