The board of director of Fantasia Holdings Group Co., Limited (the "Company") announced the changes to the Board. Mr. Zhu Guogang ("Mr. Zhu") has been appointed as executive Director with effect from 8 December 2021. Mr. Zhu, aged 44, is the executive president of Fantasia Group (China) Company Limited. Mr. Zhang Huiming ("Mr. Zhang") has resigned as the executive Director with effect from 8 December 2021 due to his other personal affairs. Mr. Zhang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company.