The board of directors of Feiyu Technology International Company Ltd. announced that Mr. MA Suen Yee Andrew ("Mr. Ma"), who was first appointed as an independent non-executive Director ("INED") of the Company on 17 November 2014 and has served as an INED for 9 years, has resigned from the office with effect from 17 November 2023. Accordingly, Mr. Ma has ceased to act as a member of the audit committee of the Company (the "Audit Committee") and a member of the nomination committee of the Company (the "Nomination Committee") with effect from 17 November 2023. The Board announced that Mr. CAO Xi ("Mr. Cao") has been appointed as an INED of the Company, a member of the Audit Committee and a member of the Nomination Committee with effect from 17 November 2023. Mr. Cao, aged 38, has been the founding partner of Hainan Monolith Private Fund Management Limited Company since May 2021, where he has been mainly responsible for investment projects and their management. From August 2013 to May 2021, he served as the partner of Beijing Sequoia Kun Tak Investment Management Center (Limited Partnership), where he was mainly responsible for investment projects related to technology, media and telecommunications. Between August 2011 and August 2013, he was the investment director of Shenzhen Cowin Asset Management Co. Ltd., where he led multiple internet-related investment projects and their management. From March 2010 to August 2011, he served as the operating director in charge of the operations of internet products of Beijing Kingsoft Office Software Inc., a software company listed on The Science and Technology Innovation Board of the Shanghai Stock Exchange. Between July 2008 and March 2010, he served as the product manager, responsible for commercialization of internet products and data analysis, at Shenzhen Tencent Computer Systems Company Limited, a subsidiary of Tencent Holdings Limited listed on the Main Board of the Stock Exchange. Since November 2014, Mr. Cao has been an independent director of DouYu International Holdings Limited, a game-centric live streaming platform in China, listed on the National Association of Securities Dealers Automated Quotations. Since January 2020, he has been a director of Hero Entertainment Co., Ltd, a game developer and publisher, which was previously listed on the National Equities Exchange and Quotations and was delisted on 1 June 2022. Mr. Cao obtained Dual Bachelors of Fundamental Medicine and Economics from Peking University in July 2008. As at the date of this announcement, save as disclosed above, Mr. Cao (i) did not hold any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years; (ii) does not currently hold any other position with the Company and its subsidiaries; (iii) does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company; and (iv) does not have any interest in the securities of the Company or its associated companies within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the
Laws of Hong Kong).