The board of directors of Hybrid Kinetic Group Limited announced with deepest sorrow that Dr. Zhu Shengliang, an executive Director of the Company, passed away on 29 December 2022. Dr. Zhu served as a Director since 2008 and had made invaluable contributions during his tenure of office. As at the date of this announcement, the Board has five executive Directors and five independent non-executive Directors, and the number of independent non-executive Directors represents more than one-third of the Board which continues to comply with the requirement under Rules 3.10 and 3.10A of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.