Khoon Group Limited announced that Mr. Hon Chin Kheong (Han Zhenqiang) ("Mr. Hon") has resigned as an independent non-executive Director and a member of each of the audit committee of the Company and the nomination committee of the Company with effect from 19 October 2023 in order to devote more time to his personal and other business commitments. The Board further announces that, upon the recommendation of the Nomination Committee, Mr. So Chi Kai ("Mr. So") has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Nomination Committee with effect from 19 October 2023. Mr. So, aged 40, obtained a degree of bachelor of arts (honors) in accountancy from the Hong Kong Polytechnic University in 2007.

He is a member of the Hong Kong Institute of Certified Public Accountants and a member of Institute of Chartered Accountants in England and Wales. Mr. So has worked in an international audit firm and various public and private companies in Hong Kong. Mr. So has more than 15 years of extensive professional and senior managerial experience in financial reporting, financial management and company secretarial matters.

The Board announced that, with effect from 19 October 2023, Ms. Fung Mei Ling ("Ms. Fung") has resigned as: (a) the company secretary of the Company (the "Company Secretary"); (b) o n e o f t h e a u t h o r i s e d r e p r e s e n t a t ive s o f t h e C o m p a ny (t h e " Au t h o r i s e d Representative") under Rule 3.05 of the Listing Rules; (c) the agent for the service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules; and (d) the authorised representative of the Company for the acceptance of service of process and notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) ((c) and (d) collectively, the "Process Agent"). The Board further announced that Ms. Fu Yuen Hung ("Ms. Fu") has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 19 October 2023. Ms. Fu holds a bachelor's degree of business administration of the Chinese University of Hong Kong.

She is a chartered secretary, a chartered governance professional and an associate member of The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators). She has over 10 years of experience in company secretarial field and extensive experience in compliance and corporate governance.