Dragon King Group Holdings Limited announced that Dr. Chung Ling Cheong Dicky has resigned as an independent non-executive Director of the Company with effect from 28 February 2023, as he would like to spend more time to pursue his other business commitments. Dr. Chung has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. The Board of Directors of the Company hereby announces that Mr. Ngai Tsz Hin Michael, has resigned as the company secretary and the authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Rule 24.05(2) of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange and the Companies Ordinance, Chapter 622 of the Laws of Hong Kong, with effect from 28 February 2023 due to his other personal commitments.

Following the resignation of Dr. Chung as an independent non-executive Director, Dr. Chung ceased to be the chairman of the remuneration committee of the Board, and a member of each of the audit committee and the nomination committee of the Board of the Company.