The board of directors of Kantone Holdings Limited announced that Mr. Wu Yunjing has been appointed as an executive Director with effect from 30 March 2021. From January 2010 to July 2016, Mr. Wu served as the general manager (China region) of Shenzhen Putian Tongle Information Technology Development Co. Ltd. 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 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. 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. 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.