FU SHOU YUAN(01448): Shi Xiaobei appointed as Chairman of the Remuneration Committee.

FU SHOU YUAN (01448) announced that Mr. Luo Zhuping has resigned from his positions as independent non-executive director, chairman of the Remuneration Committee, member of the Audit Committee, member of the Nomination Committee, and member of the Compliance Committee, due to his age and in accordance with Rule 3.13A of the Listing Rules of The Stock Exchange of Hong Kong Limited, with effect from the evening of December 11, 2025. Mr. Shi Xiaobei, an independent non-executive director, has been appointed as the chairman of the Remuneration Committee, with effect from December 12, 2025.