The Board of King International Investment Limited announced that Mr. Liu Mingqing ("Mr. Liu") has been appointed as the chairman of the Board of the Company (the "Chairman") with effect from 18 December 2023. Mr. Liu, aged 44, is the executive Director and chief executive officer of the Company. He obtained a Master degree in Economics from Tongji University in the People 's Republic of China in 2005.

Mr. Liu has been serving as an executive director of Kiu Hung International Holdings Limited, a company listed on the Stock Exchange (Stock Code: 00381) since 27 March 2020. Mr. Liu has over 15 years of experience in financial and investment related business and considerable experience in securities and futures, corporate finance, derivative products and other various financial services. Save as disclosed in this announcement, as at the date hereof, Mr. Liu does not hold (i) any other position in the Company and other members of the Group; (ii) any directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iii) any other major appointments and professional qualifications.

Further, Mr. Liu has no relationships with any Directors, senior management, substantial or controlling shareholders of the Company (having the meaning ascribed to it in the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and does not have any interests in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). The Company will enter into a letter of appointment with Mr. Liu in due course. Mr. Liu's term of service under the letter of appointment shall be 3 years.

Mr. Liu's remuneration as the Chairman shall be determined by the Board and the remuneration committee of the Company with reference to his experience, duties and level of responsibilities within the Company. The Board announced that Mr. Long Jinbo ("Mr. Long") has been appointed as the executive Director of the Company with effect from 18 December 2023. Mr. Long studied at Longchang Dananjie Primary School from 1982 to 1987 and studied as a professional table tennis player at the Sports Work Team of Guizhou Province in his secondary schooldays from 1987 to 1990.

He served at the Air Force Headquarters of the Chengdu Military Area Command and studied as a junior college student at Sichuan Provincial Party School from 1990 to 1993, worked as a cadre at Longchang Municipal Federation of Trade Unions from 1994 to 2009, served as the general manager of Chengdu Wanshida Logistics Co. Ltd.* from 2009 to 2015, studied at Southwestern University of Finance and Economics from 2011 to 2013 and obtained Master's degree of Business Administration. Mr. Long has been the general manager of Sichuan Baiguan Liquor Sales Co.

Ltd.* since 2016 and the president of Federation of Chengdu City Youth Business since 2022. Save as disclosed in this announcement, as at the date hereof, Mr. Long does not hold (i) any other position in the Company and other members of the Group; (ii) any directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iii) any other major appointments and professional qualifications. As the date of this announcement, Mr. Long has no relationships with any Directors, senior management, substantial or controlling shareholders of the Company (having the meaning ascribed to it in the Listing Rules) and does not have any interests in the securities of the Company within the meaning of Part XV of the SFO.

The Company will enter into a letter of appointment with Mr. Long in due course. Mr. Long's term of service under the letter of appointment shall be 3 years, and subject to rotation and re-election at annual general meetings of the Company in accordance with the articles of association of the Company. His remuneration shall be determined by the Board and the remuneration committee of the Company with reference to his experience, duties and level of responsibilities within the Company.

The Board announced that Mr. Lou Tao (" Mr. Lou ") has been appointed as an independent non-executive Director of the Company with effect from 18 December 2023. Mr. Lou, obtained a Bachelor's Degree in international finance from Capital University of Economics and Business in 1991. He worked at China Ocean Shipping Company as a financial officer from 1991 to 2000.

Mr. Lou has been the General manager of the Electronics Division of Tibet Huajun Advertisement Co. Ltd. since 2001. Save as disclosed in this announcement, as at the date hereof, Mr. Lou does not hold (i) any other position in the Company and other members of the Group; (ii) any directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iii) any other major appointments and professional qualifications.

The Board announces that Mr. Chung Yuk Lun ("Mr. Chung") has been appointed as the joint company secretary of the Company with effect from 18 December 2023 to act jointly with Mr. Hui Hung Kwan who has been the company secretary of the Company since 22 August 2023. The biographical details of Mr. Chung are as follows: Mr. Chung is a fellow member of the Association of Chartered Certified Accountants, an associate member of The Hong Kong Institute of Certified Public Accountants, a fellow member of The Institute of Chartered Accountants in England and Wales and an ICAEW Business and Finance Professional. He has over 30 years' management experience at board level in a number of listed companies in Hong Kong.

Mr. Chung is currently (i) an executive director, company secretary and authorised representative of Elegance Optical International Holdings Limited (Stock code: 907); (ii) an executive director, company secretary and authorised representative of China Come Ride New Energy Group Limited (Stock code: 8039); and (iii) the company secretary of QPL International Holdings Limited (Stock Code: 243), all are listed company in Hong Kong. Mr. Chung was previously the company secretary and authorized representative of the Company, until 31 March 2023.