KWG Group Holdings Limited announced Mr. LI Binhai would not offer himself for re-election at the 2022 AGM as he intended to devote more time to his other personal commitments. Accordingly, Mr. LI retired from office as the independent non-executive Director with effect from the conclusion of the 2022 AGM. Mr. LI also ceased to be a member of the audit committee, remuneration committee and nomination committee.