Effective November 20, 2023, LAU Ping Kee was removed from his position as Chief Financial Officer of King Resources, Inc. Concurrently therewith, FU Wah, the Company?s Chief Executive Officer, Secretary and Director, was appointed to serve as the Chief Financial Officer and fill the vacancy caused by Mr. Lau?s removal. Mr. Lau continues to serve as a director of the Company. The removal and new appointment was approved by the Board of Directors on November 20, 2023.

The removal of Mr. Lau was due to his unavailability to perform the functions of and fulfill his obligations as a chief financial officer of a publicly listed company.