The board of directors of King International Investment Limited hereby announced the following changes of the Company all with effect from 19 March 2024: Mr. Chung Yuk Lun has been removed as a joint company secretary of the Company and one of the authorised representatives of the Company. Mr. Long Jinbo tendered his resignation as executive Director with effect from 19 March 2024, in order to pursue other business commitments. The Board announced that Mr. Gu Jianguo has been re-designated from independent non-executive Director to executive Director and ceased to act as the chairman of the Nomination Committee and a member of the Audit Committee; and Ms. Yan Ming has been re-designated from independent non-executive Director to the executive Director and ceased to act as the chairman of the Remuneration Committee and a member of the Audit Committee with effect from 19 March 2024.

Mr. Gu, aged 42, has over 20 years of experience in project and administrative management and has extensive expertise in operation and production of glass and materials related products. Mr. Gu was an executive Director of Diwang Industrial Holdings Limited, a company listed on The Stock Exchange of Hong Kong Limited from 10 December 2021 to 3 March 2023. Mr. Gu has been an independent non-executive Director of the Company since 22 August 2023.

From 2003 to 2012, Mr. Gu was an executive deputy general manager of Nanjing Yaopi Network Technology Co., Limited. Since 2014, Mr. Gu has worked as a general manager at Hongze Hetai Investment Co., Limited. Mr. Gu completed a senior management program from the Business School of Nanjing Normal University.

Ms. Yan, aged 43, has over 21 years in general management. Ms. Yan has been an independent non-executive Director of the Company since 23 August 2023. Ms. Yan has worked as the general manager of Mianyang Heli Medical Health Management Co.

Limited* since November 2005. Ms. Yan obtained a bachelors' degree in civil engineering from the Southwest University of Science and Technology. The Board announced that (i) Mr. Zheng has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee; and (ii) Mr. Wang has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 19 March 2024.

Mr. Zheng, aged 45, obtained a bachelor's degree in law from Nanjing University in June 2004 and has over 20 years of experience in the legal profession. Mr. Zheng was an independent non-executive Director of Diwang Industrial Holdings Limited, a company listed on the Stock Exchange (Stock Code: 1950) from 25 January 2022 to 24 January 2024. He obtained the PRC Legal Professional Qualification Certificate in September 2002 and has been a practising lawyer since 2003, currently holding the position of senior partner at Jiangsu Phaedo Law Firm.

Mr. Zheng is also an arbitrator on the panel of the Nanjing Arbitration Commission of the JiangSu (NanJing) International Arbitration Centre, an arbitrator on the panel of Taizhou Arbitration Commission and an arbitrator on the panel of Suining Arbitration Commission. Mr. Wang, aged 24, is currently pursuing a master's degree in finance at Queensland University of Technology and obtained a bachelor's degree in accounting from Queensland University of Technology in 2021. The Board announced that Mr. Chung was removed as a joint company secretary of the Company and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules with effect from 19 March 2024.

Following the removal of Mr. Chung, Mr. Wong Ka Sing will remain in office as the company secretary of the Company. Following the re-designation of Mr. Gu and Ms. Yan from independent non-executive Directors to executive Directors, Mr. Gu has ceased to act as the chairman of the Nomination Committee and a member of Audit Committee while Ms. Yan ceased to act as the chairman of the Remuneration Committee and a member of the Audit Committee with effect from 19 March 2024. Following the appointment of Mr. Zheng and Mr. Wang as independent non-executive Directors, Mr. Zheng has been appointed as the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee while Mr. Wang has been appointed as a member of the Audit Committee with effect from 19 March 2024.

Further, Ms. Yang Xilin has been re-designated from a member of the Remuneration Committee to the chairman of the Remuneration Committee with effect from 19 March 2024.