Futong Technology Development Holdings Limited — Board/Management Information 2017

Jun 18, 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.

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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)

RESIGNATION OF CHAIRLADY OF THE BOARD OF DIRECTORS

The board (the “ Board ”) of directors (the “ Directors ”) of Futong Technology Development Holdings Limited (the “ Company ”) hereby announces that:

Ms. Zhang Yun (“ Ms. Zhang ”), the Chairlady of the Board, has tendered her resignation from the office of the Chairlady of the Board with effect from 16 June 2017. After Ms. Zhang’s resignation as Chairlady of the Board, she remains as an executive Director, Chief Executive Officer, a member of each of the Nomination Committee and Remuneration Committee of the Company.

Ms. Zhang confirms that she has disagreement with the Board and there is matter relating to her resignation as the Chairlady of the Board that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the “ Matter ”). As at the date of this announcement, the Company has not yet received from Ms. Zhang a resignation letter with reason and information on the Matter stated. The Company will make further announcement to provide further information with regard to her resignation as Chairlady of the Board in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The Board would like to express its sincere gratitude to Ms. Zhang for her contributions to the Company during her term of office as the Chairlady of the Board.

Another meeting of the Board will be convened to elect one of the Directors as the chairman of the Board in accordance with the memorandum and articles of association of the Company. The Company will keep the shareholders of the Company informed of such appointment by a further announcement.

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From the period 10 April 2017 to 15 June 2017 (the “ Period ”), Ms. Zhang serves both the roles of the Chairlady and Chief Executive Officer of the Company. Under Code Provision A.2.1 of the Code on Corporate Governance Practices as set out in Appendix 14 to the Listing Rules, the roles of the Chairlady and Chief Executive Officer should be separate and should not be performed by the same individual, the Company deviated from this Code Provision during the Period.

This announcement is made pursuant to Rule 13.51(2) of the Listing Rules.

By order of the Board Futong Technology Development Holdings Limited Zhang Yun Executive Director

Hong Kong, 18 June 2017

As at the date of this announcement, the Executive Directors of the Company are 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.

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