Fullshare Holdings Limited announced that Mr. Ge Jinzhu has been appointed as an executive Director with effect from June 24, 2022. Mr. Ge, aged 37, joined the Group in September 2020. He is the assistant to chief executive officer of the Company.

He has over 10 years of internal control experience. Mr. Ge is responsible for assisting the chief executive officer of the Company with the designated projects, and assisting in functional management, including internal control related duties. He was the internal auditor of China Sunergy (Nanjing) Co.

Ltd. from August 2009 to May 2010. He successively served as audit supervisor, audit manager and senior audit manager of Nanjing Jiangong Industrial Group Co. Ltd. from June 2010 to August 2020.

Mr. Ge obtained a bachelor's degree in management, majoring in accounting, from Xi'an University of Technology, China in 2006. He is the certified internal auditor of The Institute of Internal Auditors since 2011. Mr. Ge acts as the supervisor of certain subsidiaries of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Ge does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; hold any other major appointments and professional qualifications; and hold any other position in the Group. The Company has entered into a service contract with Mr. Ge with effect from June 24, 2022, which may be terminated by either party at any time by giving to the other party a prior notice of three months in writing and Mr. Ge is subject to retirement by rotation and re-election in accordance with the articles of association of the Company. In accordance with the articles of association of the Company, Mr. Ge will hold office until the forthcoming general meeting of the Company after his appointment and he will be eligible for re-election at such meeting.

Mr. Ge is entitled to an annual remuneration package of approximately HKD 1,311,000 (including basic salaries, director 's fees, performance bonus and benefits), which was recommended by the remuneration committee of the Company and determined by the Board. His remuneration package was determined with reference to the prevailing market conditions and based on his duties and responsibilities. Save as disclosed above, as the date of this announcement, Mr. Ge does not have any relationship with any Director, senior management or substantial or controlling shareholders of the Company nor does he have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap.

571, Laws of Hong Kong). Save as disclosed above, there are no other matters in relation to the appointment of Mr. Ge that need to be brought to the attention of the shareholders of the Company or any other information to be disclosed pursuant to the requirements of Rule 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Board also announces that with effect from June 24, 2022: Ms. Du Wei, the executive Director of the Company, ceased to be a member of the risk management committee of the Company (the "Risk Management Committee"); and Mr. Ge has been appointed as a member of the Risk Management Committee.

The Board would like to take this opportunity to extend its warmest welcome to Mr. Ge on his appointment.