The board of directors of Farnova Group Holdings Limited announced that with effect from 23 February 2022, Dr. Wu Bin (‘Dr. Wu') resigned as independent non-executive director as he would like to devote more time to his other business engagements. The board announced that with effect from 23 February 2022, Mr. Wang Qiang (‘Mr. Wang') resigned as non-executive director as he would like to devote more time to his other business engagements. The board further announced that with effect from 23 February 2022, Dr. Wu has been resigned as the members of the audit committee, remuneration committee and nomination committee of the Company.