Home Control International Limited announces that Mr. Kwok King Kingsley CHAN has tendered his resignation as a non-executive Director due to his work adjustments, with effect from 24 October 2023. Upon Mr. Chan's resignation, Mr. Chan also ceases to be an authorised representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and a member of the remuneration committee of the Board. Mr. Chan has confirmed that (i) he has no claim against the Company in respect of his resignation and there is no disagreement between him and the Board; and (ii) there are no matters that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in relation to his resignation.

Following the resignation of Mr. Chan, the Board further announces that Mr. Ewing Fang ("Mr. Fang") is appointed as a non-executive Director with effect from 24 October 2023. Mr. Fang, aged 32, is currently the Vice President of Morgan Stanley focusing on private equity transactions in the PRC and has nine years of experience in this industry. Mr. Fang is currently serving as a director of Home Control Singapore Pte.

Ltd. and HCIL Master Option Limited, each a direct wholly-owned subsidiary of the Company as at the date of this announcement. Mr. Fang obtained his Bachelor of Arts in Financial Economics from Columbia University in 2014. Mr. Fang has entered into a letter of appointment as a non-executive Director with the Company for a term of one year and renewable automatically thereafter for successive terms of one year each commencing from the date next after the expiry of the then current term of office, subject to the rotation, removal, vacation or termination of such office and re-election at general meetings as set out in the articles of association of the Company and the Listing Rules.

Mr. Fang is not entitled to any remuneration and benefits as the non-executive Director of the Company. Following Mr. Chan's resignation as a non-executive Director, he ceases to be the Authorised Representative and a member of the Remuneration Committee. The Board further announces that Mr. Wei ZHOU ("Mr. Zhou"), a non-executive Director, is appointed as the Authorised Representative and a member of the Remuneration Committee, each with effect from 24 October 2023.