Future World Holdings Limited announced that Mr. Lau Fai Lawrence ("Mr. Lau") resigned as an executive Director with effect from 1 July 2022 in order to devote more time to his other commitments. In addition, Mr. Siu Siu Ling, Robert ("Mr. Siu") also resigns as an independent non-executive Director with effect from 1 July 2022 in order to devote more time to his other commitments. Following the resignation of Mr. Siu that takes effect from 1 July 2022, Mr. Siu also ceases to be the chairman of the remuneration committee of the Company (the "Remuneration Committee"), and a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the company (the "Nomination Committee").

Both Mr. Lau and Mr. Siu confirmed that (i) each of them has no disagreement with the Board, and (ii) there are no other matters that need to be brought to the attention of the Company's shareholders in relation to each of their resignations. The Board would like to take this opportunity to express its sincere gratitude to Mr. Lau and Mr. Siu for their valuable contributions to the Company throughout their terms of office as executive Director and an independent non-executive Director, respectively. Following the resignations of Mr. Lau and Mr. Siu, the Board would also like to announce that, with effect from 1 July 2022, Mr. Su Wei "Mr. Su") will be appointed as an (executive Director, and Mr. He Yi "Mr. He") will be appointed as an independent non- (executive Director, respectively.

Mr. Su, aged 41, has over 15 years of experience in the meat trading business. From 2004 to 2013, he worked in several multinational companies and was engaged in the trading of meat products in Shanghai, the People's Republic of China (the "PRC"). Since May 2013, Mr. Su has been serving as a general manager of ESS-FOOD (Shanghai) Trading Co.

Ltd. of the Danish Crown Group. Mr. Su obtained a bachelor's degree in commerce (management science and marketing) in October 2003 and a graduate diploma in commerce in August 2004 from the University of Sydney, respectively. The Company has entered into a service agreement with Mr. Su, pursuant to which Mr. Su is entitled to a monthly remuneration of HKD25,000 and discretionary bonus of an amount being payable in cash, shares or otherwise, which are determined with reference to his experience, qualification, duties, responsibilities and the prevailing market conditions.

He is subject to the provisions of retirement and rotation of Directors under the memorandum and articles of associations of the Company (the "Articles").