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Corporate Governance

Fulu Holdings Limited

Fulu Holdings Limited (“Fulu" or the "Company", together with its subsidiaries and companies consolidated for accounting purposes, the "Group") is the leading third-party virtual goods and services provider in China. Through our “one-stop” virtual goods-related services and value-added services, we help virtual goods vendors monetize their businesses across sales channels, while helping sales channels increase operating efficiency and achieve better economics.

Audit Committee

We have established the Audit Committee in compliance with Rules 3.21 of the Listing Rules and with written terms of reference in compliance with the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the Audit Committee are to review and supervise our financial reporting process and the internal control system of our Group, manage risk, perform internal audit. The Audit Committee consists of three members, namely Mr. Li Wai Chung, Ms. Wang Yuyun and Mr. Wong Sincere. The chairman of the Audit Committee is Mr. Li Wai Chung, who is an independent non-executive Director with the appropriate accounting and related financial management expertise as required under Rules 3.10(2) and 3.21 of the Listing Rules.

Terms of Reference for the Audit Committee under the Board

Nomination Committee

We have established the Nomination Committee with written terms of reference in compliance with the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the Nomination Committee are to review the structure, size and composition of our Board on a regular basis and make recommendations to our Board regarding any proposed changes to the composition of our Board. The Nomination Committee consists of three members, namely Mr. Fu Xi, Mr. Wong Sincere and Mr. Li Wai Chung. The chairman of the Nomination Committee is Mr. Fu Xi.

Terms of Reference for the Nomination Committee under the Board

Remuneration Committee

We have established the Remuneration Committee in compliance with Rule 3.25 of the Listing Rules and with written terms of reference in compliance with the Corporate Governance Code as set out in Appendix 14 of the Listing Rules. The primary duties of the Remuneration Committee are to establish, review and provide advice to our Board on the structure of remuneration of our Directors and senior management and on the establishment of a formal and transparent procedure for developing policies concerning remuneration. The Remuneration Committee consists of three members, namely Ms. Wang Yuyun, Mr. Fu Xi and Mr. Wong Sincere. The chairman of the Remuneration Committee is Ms. Wang Yuyun.

Terms of Reference for the Remuneration Committee under the Board

Mr. Fu Xi

Chairman of the Board

Mr. Fu Xi, is the Chairman, executive Director and chief executive officer of the Company. He was appointed as an executive Director of Company on October 31, 2019 upon the incorporation of our Company. Mr. Fu is also the chairman of the Nomination Committee of the Board. Mr. Fu is responsible for the Company’s strategies,corporate culture and oversees the senior management. He has held directorships in the Group’s various subsidiaries.

Mr. Zhang Yuguo

Executive Director

Mr. Zhang Yuguo,is an executive Director of the Company and the senior vice president of the Group. He was appointed as an executive Director of Company on October 31, 2019 upon the incorporation of our Company. Mr. Zhang is mainly responsible for managing the open platform business division.

Mr. Shui Yingyu

Executive Director

Mr. Shui Yingyu,is an executive Director of the Company and the senior vice president of the Group. He was appointed as an executive Director of Company on October 31, 2019 upon the incorporation of our Company. Mr. Shui is responsible for risk control and management as well as daily business operation of our group.

Mr. Zhao Bihao

Executive Director

Mr. Zhao Bihao, is an executive Director of the Company and the senior vice president of the Group. He was appointed as an executive Director of Company on October 31, 2019 upon the incorporation of our Company. Mr. Zhao is primarily responsible for the branding, marketing, as well as investment and financing of the Group.

Mr. Mao Feng

Executive Director

Mr. Mao Feng, is an executive Director of the Company, the chief financial officer and vice president of the Group. He was appointed as an executive Director of the Company on January 11, 2020. He has been responsible for the Group’s financial management, financing and investor relations since he joined the Group.

Mr. Li Wai Chung

Independent non-executive Director

Mr. Li Wai Chung, is an independent non-executive Director and also the chairman of the Audit Committee of the Board. He was appointed as an independent non-executive Director on January 11, 2020.

Ms. Wang Yuyun

Independent non-executive Director

Ms. Wang Yuyun, is an independent non-executive Director and also the chairman of the Remuneration Committee of the Board. She was appointed as an independent non-executive Director on January 11, 2020.

Mr. Wong Sincere

Independent non-executive Director

Mr. Wong Sincere, is an independent non-executive Director. He was appointed as an independent non-executive Director on January 11, 2020.

Mr. Chen Tianjun

Mr. Chen Tianjun, has been the vice president of the Group’s since April 2017, responsible for the new business development of the business department and cooperation with various major platforms.

Mr. Xu Jian

Mr. Xu Jian, has been the vice president of the Group’s since January 2018,responsible for business development and operation of products relating to mobile games, gaming transactions and gaming services.

Mr. Ren Wei

Mr. Ren Wei, has been the chief technology officer of the Group since November 2019, responsible for technical reserves, development and implementation of technological strategies, and management of research team of the Group.