The board of directors of Far East Holdings International Limited announced that Mr. Eric Todd (?Mr. Todd'') has tendered his resignation as an executive Director, the Chairman of the Board, the chairman of the Investment Committee of the Company and an authorised representative of the Company with effect from the date of this announcement as he intended to devote more time to his other business engagements. The Board also announces that Mr. Zhu Weiwen (?Mr. Zhu'') has been re-designated from executive Director to non-executive Director and appointed as an Authorized Representative with effect from 29 February 2024. Mr. Zhu, aged 46, has over 10 years of working experience in managerial positions from companies in the Mainland China and Australia in the areas of technology, dairy production and mining.

Mr. Zhu is currently an executive director and a general manager of Xiamen Oriental Hong Yu Technology Company Limited since May 2004, an executive director and a general manager of Ganzhou Shifeng Mining Company Limited since July 2011, and an executive director and a general manager of Xiamen Zhengrong Investment Company Limited since August 2012. He also had been the chairman of Australia Deloraine Dairy Pty Ltd. from January 2016 to April 2019. Following the resignation of Mr. Todd, the Board has also resolved to appoint Mr. Cheung Sze Ming as the chairman of the Investment Committee of the Company with effect from the date of this announcement.