The board of directors of Feiyang International Holdings Group Limited announced that Mr. Zhang Qinghai has tendered his resignation as an executive Director with effect from 20 May 2021 as he would like to devote more time to his personal commitments. Mr. Zhang confirms that he has no disagreement with the Board and that there are no matters in respect of his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Mr. Xiong Di has been appointed as an executive Director with effect from 20 May 2021. Mr. Xiong, aged 48, has over 15 years of experience in financial management. From July 2018 to April 2021, he served various positions (including deputy general manager, director, chief financial officer and chief administrative officer) at Ningbo Anchuang Electronic Technology Co. Ltd. He has rejoined Feiyang International and worked as the chief financial officer and secretary to the board since April 2021.