K Group Holdings Limited announced that Mr. Zhou Junqi has resigned as the executive Director, the chairman of the Board Mr. Zhou has confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignation that needs to be brought to the attention to the shareholders of the Company and the Stock Exchange. The Board announced that Mr. Li Junjian ("Mr. Li"), an executive Director, has been appointed as Chairman and Authorised Representative with effect from 13 December 2023. Mr. Li, aged 63, obtained a completion certificate for special training program for Chinese language from Hangzhou University in 1988.

He further pursued postgraduate study of Philosophy of Science and Technology (Contemporary Technology and Economic Management) in Zhejiang University and obtained completion certificate in 2000. Currently, he is the director of (E-station Green Technology Group Limited*) which is principally engaged in provision of resource recycling technical consultation service in China. Besides, he has over 20 years of working experience in various China government departments, including Supervision Bureau of Yuhuan City, Zhejiang Province.

He is familiar with and has a thorough understanding of Mainland China's governmental matters.