Century International : Change of Executive Director and Authorised Representative

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Century Group International Holdings Limited

世 紀 集 團 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2113)

CHANGE OF EXECUTIVE DIRECTOR

AND

AUTHORISED REPRESENTATIVE

The Board would like to announce the following changes with effect from 1 October 2021:

1. Mr. Ip Wai Sing has tendered his resignation as an executive Director and the Authorised Representative under the Listing Rules of the Company; and
2. Mr. Man Wai Lun has been appointed as executive Director and the Authorised Representative under the Listing Rules of the Company.

The board (the "Board") of directors (the "Director(s)") of Century Group International Holdings Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that Mr. Ip Wai Sing ("Mr. Ip") has tendered his resignation as an executive Director and the Authorised Representative under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules") of the Company with effect from 1 October 2021 as he desires to devote more time to his other business commitments.

Mr. Ip has confirmed that save for certain outstanding director's remuneration, he has no claims against the Company in respect of his resignation and has no disagreement with the Board. There are no matters in relation to his resignation which should be brought to the attention of the Stock Exchange and the shareholders of the Company (the "Shareholders"). The Board is also not aware of any such matters in relation to his resignation that need to be bought to the attention of the Stock Exchange and the Shareholders.

The Board wishes to express its gratitude to Mr. Ip for his contribution to the Company during the tenure of his service.

The Board would like to announce the appointment of Mr. Man Wai Lun ("Mr. Man") as an executive Director and the Authorised Representative under the Listing Rules of the Company with effect from 1 October 2021.

The biography of Mr. Man is set out as follows:

Mr. Man, aged 48, obtained his diploma in Business Management from the School of Continuing Education, Hong Kong Baptist University in 2003 and obtained a bachelor degree of accountancy from the University of South Australia in 2007. Mr. Man has over 16 years of experience in accounting.

Mr. Man is currently an executive director of Life Healthcare Group Limited (Stock Code: 928), an independent non-executive director of Momentum Financial Holdings Limited (Stock Code: 1152), Millennium Pacific Group Holdings Limited (Stock Code: 8147) and Elegance Optical International Holdings Limited (Stock Code: 907). The above companies are all listed companies in Hong Kong.

He was previously an independent non-executive director of China Trustful Group Limited (Stock Code: 8265) until 9 November 2020 and Roma Group Limited (Stock Code: 8072) until 1 March 2020, and an executive director and compliance officer of Glory Flame Holdings Limited (Stock Code: 8059) until 19 September 2018. The above companies are all listed companies in Hong Kong.

He was previously an executive director of CT Environmental Group Limited (Stock code: 1363 delisted) until 19 April 2021.

A letter of appointment has been entered into between Mr. Man and the Company for an initial term of three years commencing from 1 October 2021, which is renewable for a successive term of three years upon expiry of every term of his appointment, unless terminated in accordance with the terms of the appointment letter. Pursuant to the articles of association of the Company, Mr. Man will hold office only until the next general meeting of the Company and shall then be eligible for re-election. Thereafter, he will be subject to retirement by rotation and re-election at the general meetings of the Company according to the articles of association of the Company.

Mr. Man is entitled to an annual emolument of HK$240,000 which has been determined by the Board on recommendation of the remuneration committee with reference to his qualifications, experience, duties and responsibilities with the Company, the performance of the Group and the prevailing market conditions.

Save as disclosed above, as of the date of this announcement, Mr. Man has not held any other directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years preceding the date of this announcement or any other major appointments and professional qualifications. He does not hold any other positions in the Company and other members of the Group. He does not have any other relationship with any other Directors, senior management, substantial shareholders or controlling shareholders (within the meaning of the Listing Rules) of the Company and does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed in this announcement, Mr. Man confirmed that there is no other information which requires to be disclosed pursuant to Rule 13.51(2) of the Listing Rules nor is there any other matter regarding their appointment that need to be brought to the attention of the Shareholders of Company.

The Board would like to take this opportunity to warmly welcome Mr. Man to the Board.

By Order of the Board

Century Group International Holdings Limited

Wang Feng

Chairman

Hong Kong, 30 September 2021

As at the date of this announcement, the Board comprises Mr. Wang Feng, Mr. Ip Wai Sing, as executive Directors and Mr. Law Ka Ming Michael, Mr. Chung Man Lai and Mr. Tang Chi Wai as independent non-executive Directors.