Flying Financial Service Holdings Limited announced the following changes with effect from 8 June 2023 (1) Mr. Zhang Gongjun has resigned as an executive Director, the Chairman of the Board, the Chief Executive Officer, a member of each of remuneration committee (the ``Remuneration Committee'') and nomination committee of the Company and the authorised representative of the Company; (2) Mr. Hsu Tawei has resigned as an independent non-executive Director, a chairman of the Remuneration Committee and a member of each of the Nomination Committee and the audit committee of the Company; (3) Mr. Luo Sigang has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Nomination Committee and the Audit committee; and (4) upon Mr. Zhang resignation, Ms. Liu Yi will be appointed as authorised representative of the Company. The Board announces that Mr. Zhang has resigned from his position as an executive Director, the Chairman of the Board, the Chief Executive Officer and the authorised representative of the Company and shall cease to be a member of each of the Nomination Committee and the Remuneration Committee due to his other business engagements which require more of his attention and dedication with effect from 8 June 2023. Mr. Zhang has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention to the shareholders of the Company.

The Board announces that Mr. Hsu has resigned from his position as an independent non-executive Director, a chairman of the Remuneration Committee and a member of each of the Nomination Committee and the Audit committee due to his other business engagements with effect from 8 June 2023. Mr. Hsu has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention to the shareholders of the Company. The Board announced that Mr. Luo Sigang has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Nomination Committee and the Audit committee, with effect from 8 June 2023.

Mr. Luo, aged 42, is currently working as a manager in Shenzhen Wantong Financing Guarantee Co. Ltd. since 2014, a company principally engaged in financing and secured loan business. Mr. Luo holds the degree of Computer Science and Technology from the Beijing University of Aeronautics and Astronautics.

Mr. Luo has over 20 years' experience in financial services and professional legal knowledge and has also participated in handling litigation and other legal aspects of work. He was appointed as a manager of Shenzhen Real Estate Financing Guarantee Co. Ltd. during the period from April 2011 to November 2014.

He has also worked as the director of the Yushan Judicial Office in Bazhong City, Sichuan Province from August 2001 to August 2003. The Board further announces that following the resignation of Mr. Zhang and Mr. Hsu, and the appointment of Mr. Luo with effect from 8 June 2023, the changes in composition of the Board committees are as follows: Audit Committee Mr. Kam Hou Yin, John (Chairman) Mr. Luo Sigang Ms. Chong Kan Yu. Remuneration Committee Mr. Luo Sigang (Chairman) Mr. Kam Hou Yin, John Ms. Chong Kan Yu.

Nomination Committee Ms. Chong Kan Yu (Chairlady) Mr. Luo Sigang Mr. Kam Hou Yin, John. The Board also announces that Ms. Liu has been appointed as the authorised representativeof the Company with effect from 8 June 2023.