Kantone : APPOINTMENT OF DIRECTOR

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KANTONE HOLDINGS LIMITED 看 通 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1059)

APPOINTMENT OF DIRECTOR

The board (the ''Board'') of directors (the ''Directors'') of Kantone Holdings Limited (the ''Company'') is pleased to announce that Mr. Wu Yunjing (''Mr. Wu'') has been appointed as an executive Director with effect from 30 March 2021.

Mr. Wu, aged 41, graduated from Yuxiu High School, PingYang County* (平陽縣育秀中學 ) in Wenzhou, Zhejiang Province, China in the year of 1999. From January 2010 to July 2016, Mr. Wu served as the general manager (China region) of Shenzhen Putian Tongle Information Technology Development Co., Ltd* (深圳市普天同樂信息科技發展有限公司) and was mainly responsible for matters related to the nationwide distribution of Philips mobile phone in China. Mr. Wu was also a committee member of China UnionPay Cloud Flash Pay Service Provider Development Committee* (中 國銀聯雲閃付服務商發展委員會) for the period from October 2019 to October 2020. Since August 2016, Mr. Wu has served as the chairman and chief executive officer of Shenzhen Chaomeng Jinfu Technology Information Service Group* (深圳市超盟金服技術信息服務集團).

Mr. Wu has entered into a letter of appointment with the Company to act as executive Director which shall be terminated by either party giving not less than one-month notice in writing to the other party. Mr. Wu is subject to retirement by rotation of directors in the annual general meeting of the Company in accordance with the articles of association of the Company and the Rules Governing in Listing of Securities on The Stock Exchange of Hong Kong Limited (''Listing Rules''). Mr. Wu shall be entitled to a director's fee in such sum as the human resources and remuneration committee of the Company may from time to time determine.

As at the date of this announcement, Mr. Wu has no interest in the shares of the Company which are required to be disclosed pursuant to Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Other than those disclosed above, Mr. Wu did not hold any directorships in public companies listed in Hong Kong or any other major exchanges in the last three years preceding the date of his appointment and he does not have any relationship with other Directors, senior management, substantial or controlling shareholders of the Company. Save as disclosed above, there are no other matters relating tothe appointment of Mr. Wu that should be brought to the attention of the shareholders of the Company and there is no other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

The Board would like to take this opportunity to extend a warm welcome to Mr. Wu for joining the Board.

By Order of the Board KANTONE HOLDINGS LIMITED

Wong Man Winny

Chairperson

Hong Kong, 30 March 2021

As at the date of this announcement, the executive directors of the Company are Ms. Wong Man Winny and Mr. Wu Yunjing; the non-executive directors of the Company are Mr. Liu Ka Lim and Ms. To Yin Fong Cecilica; and the independent non-executive directors of the Company are Mr. Leung Man Fai, Ms. Chung Sau Wai Ada and Mr. Clayton Ip.

*

For identification purpose only