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RNS Number : 9852R

Fragrant Prosperity Holdings Ltd

10 November 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

Fragrant Prosperity Holdings Limited

("FPP" or the "Company")

Change of Director

Fragrant Prosperity Holdings ("FPP") announces today that, in anticipation of the change of the Board of Directors of FPP upon the forthcoming anticipated acquisition of CiiTECH,Ltd ("CiiTECH") (as previously announced on 24 May 2021), it has been agreed that Craig J. Marshak shall resign as Chairman of the Company effective from 10 November 2021. Simon Retter, currently a Non-Executive Director, will assume the role of Chairman.

The Board of FPP wish Mr. Marshak well following his successful stewardship of the Company to the anticipated RTO transaction with CiiTECH.

As previously announced in the RNS news release of 24 May 2021; CiiTECH is an Israeli and UK based company focusing on the marketing of cannabis and CBD related products for health and skin care, including Provacan and other leading brands.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement this information is considered to be in the public domain.

- Ends -

Enquiries

 
 Fragrant Prosperity Holdings Limited    +44 (0)20 3137 
  Simon Retter                            1902 
 
 
 Optiva Securities - Broker to FPP       +44 (0)20 3137 
  Vishal Balasingham                      1903

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END

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(END) Dow Jones Newswires

November 10, 2021 09:20 ET (14:20 GMT)

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