The board of directors of Huarchi Global Group Holdings Limited announced that, with effect from 18 February 2022, Mr. Lou Cheok Meng (Mr. Lou) has ceased to be a member of each of remuneration committee and nomination committee of the Board but remains as the chairman of the Board, executive director and managing director of the company. Mr. Ao Weng Kong, an executive director of the company, has been appointed as a member of each of the Remuneration Committee and the Nomination Committee in place of Mr. Lou.