Fufeng Group Limited — Board/Management Information 2021

Jun 10, 2021

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)

RESIGNATION AND APPOINTMENT OF CHIEF FINANCIAL OFFICER

The board of directors (the “ Board ”) of Fufeng Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) hereby announces that Mr. Chen Yuan (“ Mr. Chen ”) tendered to the Board on 10 June 2021 and the Board accepted on the same date, his resignation as chief financial officer of the Company (“ CFO ”), effective from 15 June 2021 for the reason that he wants to pursue other career interests.

Mr. Chen has confirmed that he has no disagreement with the Board and there is no other matter 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 ”) in relation to his resignation.

The Board would like to take this opportunity to express its gratitude to Mr. Chen for his valuable contributions to the Company during his tenure of service since July 2017.

The Board is pleased to announce that, Mr. Yau Wing Yiu (“ Mr. Yau ”) has been appointed as CFO with effect from 15 June 2021.

In his role as CFO, Mr. Yau would be responsible for matters relating to capital markets, corporate development and investor relations, as well as to assist the Group to develop strategic planning and long-term development plan.

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Mr. Yau, aged 53, graduated from the Hong Kong Polytechnic University in 1992 with a bachelor’s degree of arts in accountancy and is a fellow of the Association of Chartered Certified Accountants and an associate of the Hong Kong Institute of Certified Public Accountants. Mr. Yau has more than 26 years of working experience in the field of finance, accounting and company secretarial gained from international accounting firms and listed companies. Mr. Yau is currently an independent non-executive director of Yan Tat Group Holdings Limited (1480.HK) which is listed on the Main Board of the Stock Exchange.

The Board would like to express its warmest welcome to Mr. Yau on his appointment.

On behalf of the Board Li Xuechun Chairman

Hong Kong, 10 June 2021

As at the date of this announcement, the Board comprises: (1) Mr. Li Xuechun, Mr. Li Deheng, and Mr. Li Guangyu as executive Directors; (2) Mr. Lau Chung Wai, Mr. Xu Zheng Hong and Mr. Zhang You Ming as independent non-executive Directors.

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