FU SHOU YUAN (01448): He Min is transferred from independent non-executive director to executive director.

FU SHOU YUAN (01448) announced that Mr. Ho Man (Mr. Ho) has been appointed as an executive director, effective from January 27, 2026, after serving as an independent non-executive director. Mr. Ho will no longer serve as the Chairman of the Company's Audit Committee or as a member of the Company's Compliance Committee, but will continue to serve as a member of the Company's Nomination Committee. Considering Mr. Ho's extensive experience in enterprise management, private equity investment, and financial management, he will also be appointed as the Company's Chief Development Strategist. Additionally, Mr. Tam Lai On (Mr. Tam) has been appointed as a non-executive director after serving as an executive director. He will continue to serve as the Vice Chairman of the Board and as a member of the Company's Compensation Committee.