The board of directors of Fairwood Holdings Limited hereby announces that Mr. Tony TSOI Tong Hoo ("Mr Tsoi"), an Independent Non-executive Director of the Company, retired by rotation at the conclusion of the Annual General Meeting of the Company held at 9 September 2021 ("AGM") and ceased to be a member of the Audit Committee of the Company. Mr. Tsoi did not offer himself for re-election as an Independent Non-executive Director of the Company in order to devote more time to his personal interests.