Change of control announcement

Dear OTC Markets,

We hereby submit the following disclosure regarding the change of control within FutureNet, Inc., effective August 24, 2023:

• The former President, Harry Zhang, and officer Xin Shi, resigned from their positions.
• Andy Kit Lung Ngai was appointed as the CEO of the company.
• I, LOK Ka Ho, was appointed as President and Chairman of the Board of Directors.

On August 24, 2023, as Chairman, I acquired the entire ownership of FutureNet, Inc. from Harry and Xin Shi. Following this acquisition, a restructuring effort was initiated, assigning 150,000,000 common shares, which are restricted, to Mr. Andy Ngai and appointing him as the Chief Executive Officer. The original plan was for Mr. Ngai and myself to collaborate. However, due to personal reasons and commitments, Mr. Ngai decided to put the collaboration on hold.

Subsequently, on November 14, 2023, Mr. Ngai resigned from his position and transferred his stake to Mr. Hok Hung Timothy Tong on the same date. In November, I directed Mr. Ngai to transfer 150,000,000 common shares, which are restricted, to Mr. Timothy Tong. This transfer is considered a personal contribution and a commitment to the future development of FutureNet, Inc.

Thank you for your attention to this matter.

Sincerely,

LOK Ka Ho
President and Chairman of the Board of Directors
FutureNet, Inc.