Fufeng Group Limited — Board/Management Information 2018

Nov 30, 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Fufeng Group Limited 阜豐集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 546)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTORS, CHANGE OF COMPOSITION OF AUDIT COMMITTEE, NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board announces the following changes with effect from 1 December 2018:

1. Mr. Qi Qing Zhong has resigned as an independent non-executive Director as he would like to spend more time pursuing his business and has ceased to act as a member of each of the Audit Committee , Remuneration Committee and the Nomination Committee; and

2. Mr. Xu Zheng Hong has been appointed as an independent non-executive Director, and a member of each of the Audit Committee, Remuneration Committee and the Nomination Committee.

The board (the “Board”) of Directors (the “Directors”) of Fufeng Group Limited (the “Company”) announces the following changes with effect from 1 December 2018:

1. Mr. Qi Qing Zhong (“Mr. Qi”) has resigned as an independent non-executive Director as he would like to spend more time pursuing his business and has ceased to act as a member of each of the audit committee (the “Audit Committee”), remuneration committee (the “Remuneration Committee”) and nomination committee (the “Nomination Committee”) of the Company; and

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1. Mr. Xu Zheng Hong (許正宏) (“Mr. Xu”) has been appointed as an independent nonexecutive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS

Mr. Qi confirmed that he has no disagreement with the members of the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The Board would like to express its sincere gratitude to Mr. Qi for his valuable contributions to the Company during his tenure of services.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS

The biographical details of the newly appointed independent non-executive Director is set out below:

Mr. Xu, aged 47, is currently a professor at the School of Bioengineering at Jiangnan University, a doctoral tutor and dean. He has over 20 years experience engaged in the research of microbial ecology of traditional brewed foods, bio-manufacturing and functional evaluation of nutrient chemicals.

Mr. Xu graduated from Wuxi Institute of Light Industry, Department of Fermentation Engineering, with a Bachelor of Engineering degree in 1993, a Master of Science degree from Shandong University, School of Life Sciences, Department of Cell Biology in 1996, and a Ph. D in Engineering from Jiangnan University, Department of Fermentation Engineering, School of Bioengineering in 2005.

Mr. Xu did not have any directorships in other listed public companies in the last three years immediately preceding the date of this announcement nor has he held any other position with the Company and any of its subsidiaries. As at the date of this announcement, Mr. Xu does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and has no relationships with any directors, senior management, substantial shareholders, or controlling shareholders of the Company.

Mr. Xu has entered into a service agreement with the Company commencing from 1 December 2018 and is subject to retirement from office and re-election at the next following general meeting of the Company in accordance with the articles of association of the Company. Mr. Xu has also confirmed that he has opted not to receive any director’s fee during the term of the abovementioned service agreement.

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Mr. Xu has confirmed that he meets the independence criteria as set out in Rule 3.13 of the Listing Rules. Save as disclosed above, there are no other matters relating to the appointment of Mr. Xu which need to be brought to the attention of the shareholders of the Company and there is no other information that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

The Board would like to express its warmest welcome to Mr. Xu in joining the Board.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Hong Kong, 30 November 2018

As at the date of this announcement, the executive directors of the Company are Mr. Li Xuechun, Mr. Zhao Qiang, Mr. Li Deheng, Mr. Pan Yuehong and Mr. Li Guangyu and the independent non-executive directors of the Company are Mr. Xiao Jian Lin, Mr. Qi Qingzhong and Ms. Zheng Yu.

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