Future World Holdings Limited's board of directors announced that, with effect from 1 February 2022, Ms. Liao Jianrong, formerly known as ("Ms. Liao") has been appointed as an executive Director. Ms. Liao, aged 51, has more than 20 years of experience in administration and human resource management, financial management and bank management sectors. Prior to joining the Group, Ms. Liao worked for several companies and entities such as Yongzhou Municipal Committee Policy Research Office and Changsha Bank.

The Company entered into a service agreement with Ms. Liao, pursuant to which Ms. Liao is entitled to a monthly remuneration of HKD 100,000, which is determined with reference to her experience, qualification, duties, responsibilities and the prevailing market conditions. Ms. Liao is subject to the provisions of retirement and rotation of Directors under the memorandum and articles of associations of the Company.