FutureNet, Inc. Announces Change of Control

Hong Kong – September 16, 2024 – FutureNet, Inc. (OTC: FUUN) announces a significant change in control following the resolutions passed at the Special Shareholder Meeting on September 16, 2024.

1. Description of Events and Relevant Dates Resulting in the Change in Control:
On September 16, 2024, during the Special Shareholder Meeting, shareholders voted on key resolutions that have resulted in a change of control within FutureNet, Inc. These changes include the dismissal of Mr. Lok Ka Ho as Chairman and the appointment of Mr. Fong Hin Fei as the new Chairman of the Board. Furthermore, the issuance of 40 million new common shares to the current CEO, Hok Hung Timothy Tong, was approved to settle the company's operational debts and professional fees.

2. Names of Persons Involved in the Change of Control:

• Acquiring Control: Mr. Hok Hung Timothy Tong (CEO) and Mr. Fong Hin Fei (New Chairman)
• From Whom Control Was Assumed: Mr. Lok Ka Ho (Former Chairman)

3. Amount and Form of Consideration Paid in Connection with the Change in Control:
In connection with the change in control, 40 million new common shares were issued to Mr. Hok Hung Timothy Tong as part of a strategic initiative to cover the company's outstanding debts and professional fees. This issuance strengthens the company's financial position and transfers substantial control to Mr. Tong and Mr. Fong.

Future Implications:
These changes represent a strategic move to place FutureNet, Inc. in a stronger position for growth and operational efficiency. The new leadership will focus on improving the company's market positioning, financial stability, and shareholder value.

For more information, please contact:
Investor Relations
Email: info@futurenetinc.co
Website: www.futurenetinc.co