Futong Technology Development Holdings Limited — Board/Management Information 2017

Jul 6, 2017

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.

==> picture [96 x 51] intentionally omitted <==

Futong Technology Development Holdings Limited 富通科技發展控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 465)

APPOINTMENT OF DIRECTOR

The board of directors (the “ Board ”) of Futong Technology Development Holdings Limited (the “ Company ”) is pleased to announce that Mr. Chen Jian (陳健) (“ Mr. Chen ”) has been appointed as an Executive Director of the Company with effect from 5 July 2017 after he has resolved his personal matters.

Mr. Chen , aged 57, was appointed as an executive Director and chairman of the Company from 29 July 2009 to 10 April 2017, he is one of the co-founders of the Group. He is the controlling shareholder of the Company, and also the director of Futong Technology IT Services Co., Ltd, Beijing Futong Dongfang Technology Co., Ltd., Futong Times Technology Co., Ltd., Beijing Etong Dongfang Technology Co., Ltd., Futong Cloud Technology Co., Ltd and Futong Transcend Technology Co., Ltd. which are subsidiaries of the Company. Mr. Chen is the director and controlling shareholder of Beijing Deep Thought Software Co., Ltd. (北京深思軟件股份有限 公司) which is a company listed in the National Equities Exchange and Quotations in the PRC. He has over 27 years of experience in IT industry. Mr. Chen graduated from 中國人民解放軍通 信工程學院 (Chinese People’s Liberation Army Communication Engineering University) with a bachelor’s degree in wireless communications engineering. He is the brother-in-law of Ms. Zhang Yun, an executive Director and Chief Executive Officer of the Company.

Mr. Chen is proposed to be appointed for a term of 3 years commencing from 5 July 2017, subject to his re-appointment by the Company at general meeting in accordance with the Company’s articles of association. Mr. Chen will receive a director remuneration of approximately HKD2,400,000 per annum. Such director’s fee is determined with reference to the Company’s remuneration policy and will be subject to review by the Remuneration Committee of the Company from time to time.

As at the date of this announcement, there is no other benefit provided to Mr. Chen for his directorship in the Company. Save as disclosed above, Mr. Chen does not hold any other positions with any members of the Group and does not have any relationship with any directors, senior management or any other substantial or controlling shareholders of the Company.

– 1 –

As at the date of this announcement, Mr. Chen held, within the meaning of Part XV of the Securities and Futures Ordinance, Cap.571, 219,208,000 shares of the Company.

Save as disclosed above, Mr. Chen (i) has no other relationship with any Director, senior management or substantial or controlling Shareholder of the Company; and (ii) has not held any position with the Company or any of its subsidiaries or any directorship in other listed public companies in the last three years; and there is no other information that should be disclosed under Rule 13.51(2) of the Listing Rules, nor any other matter that needs to be brought to the attention of the Shareholders.

The Board would like to take this opportunity to extend its welcome to Mr. Chen on his new appointment.

By order of the Board Futong Technology Development Holdings Limited Chen Jing Executive Director

Hong Kong, 5 July 2017

As at the date of this announcement, the Executive Director of the Company is Mr. Chen Jian, Ms. Zhang Yun (Chief Executive Officer) and Ms. Chen Jing and the Independent Non-executive Directors are Mr. Lee Kwan Hung, Mr. Chow Siu Lui and Mr. Yuan Bo.

– 2 –