The board of the directors of Dragon King Group Holdings Limited announced that Mr. Jia Yongqiang has been appointed as an executive Director with effect from 17 April 2023. Mr. Jia, aged 31, has around ten years of management and investment experience. He worked as a chief investment manager of Beijing Miao Sen Investment Limited from 2013 to 2017.

Thereafter, he has been the supervisor and shareholder of Beijing Miao Sen Investment Limited. He has also been appointed as a financial controller of Grand Power Logistics Development Limited. Mr. Jia obtained a bachelor degree in Economics from East China University of Science and Technology in 2013.

The Company has entered into a service agreement with Mr. Jia in relation to his appointment as an executive Director for an initial term of three years commencing from 17 April 2023. Mr. Jia is subject to retirement by rotation and re-election at the general meetings of the Company in accordance with the articles of association of the Company.