The board of directors of Fantasia Holdings Group Co., Limited announced that, effective from 3 August 2023, Mr. Ma Yu-heng has been appointed as an independent non-executive director of the Company. Mr. Ma, aged 53, has over 25 years of experience in financing, banking and corporate finance. He was the chief financial officer of China Grand Star Luxury Investment Holdings Limited from September 2019 to May 2022.

Since September 2022, Mr. Ma has acted as the chief financial officer of Guardforce AI Co. Ltd. As at the date of this announcement, Mr. Ma has been the independent non-executive director of China Anchu Energy Storage Group Limited since March 2022, Summi (Group) Holdings Limited since September 2022 and China Overseas Nuoxin International Holdings Limited since July 2023. Mr. Ma was an independent non-executive director of China U-Ton Future Space Industrial Group Holdings Ltd. from May 2022 to April 2023.

Mr. Ma is currently a member of CPA Australia. Mr. Ma obtained a bachelor's degree in business administration from Soochow University, Taiwan in June 1993 and a master's degree in business administration from Da-Yeh University, Chung Hua, Taiwan in June 1995. Mr. Ma has been appointed as a member of each of the audit committee, remuneration committee and nomination committee of the Board with effect from 3 August 2023.

Mr. Zhu Guogang has tendered his resignation as an executive director of the Company with effect from 3 August 2023 in order to devote more time for his personal endeavours.