Kingkey Financial International : APPOINTMENT OF AN EXECUTIVE DIRECTOR

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KINGKEY FINANCIAL INTERNATIONAL (HOLDINGS) LIMITED

京基金融國際（控股）有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01468)

APPOINTMENT OF AN EXECUTIVE DIRECTOR

The board of Directors (the "Board") of Kingkey Financial International (Holdings) Limited (the "Company") hereby announces that, Mr. Chen Jiajun ("Mr. Chen") has been appointed as Executive Director of the Company with effect from 28 August 2020.

Mr. Chen, aged 28, has extensive investment experience and currently has a wide variety of investments in different industry sectors. Mr. Chen holds a master's degree in Science of Finance from the University of Southern California ("USC"). Before joining the Company, Mr. Chen has been a non-independent director of Shenzhen Kingkey Smart Agriculture Times Co., Ltd., a company listed on Shenzhen Stock Exchange, since 23 June 2020, an executive director and chairman of Coolpad Group Limited (stock code: 2369), whose shares are listed on Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (Stock Code: 2369), since 17 January 2019 and 30 August 2019 respectively. Mr. Chen currently also serves as a director of USC South China Alumni Club. As at the date of this announcement, Mr. Chen wholly owns Kingkey Holdings (International) Limited (formerly known as Perfect Thinking Global Limited) which is interested in 3,363,108,733 shares, representing approximately 69.35% of total issued share capital, of the Company.

Save as disclosed above, Mr. Chen does not hold any other positions with the Company or its subsidiaries, nor has he held any directorships in other listed public companies in the past three years. Mr. Chen does not have any relationship with other directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, save as disclosed above, Mr. Chen does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

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Mr. Chen will enter into a service agreement with the Company for a term of three years. In accordance with the articles of association the Company, Mr. Chen shall hold office until the first general meeting of the Company after his appointment and shall be subject to re-election at such meeting. The remuneration of Mr. Chen is HK$600,000 per annum and his remuneration is determined by the Board with reference to his respective qualification and experience, duties and responsibilities with the Company, the Company's performance and the prevailing market situation.

Save as disclosed above, there is no information relating to the appointment of Mr. Chen that needs to be brought to the attention of the holders of securities of the Company nor is there any information to be disclosed by the Company pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange.

The Board warmly welcome Mr. Chen's joining.

By order of the Board

KINGKEY FINANCIAL INTERNATIONAL

(HOLDINGS) LIMITED

Wong Chun Chau

Chairman

Hong Kong, 28 August 2020

As at the date of this announcement, the executive Directors are Mr. Chen Jiajun, Mr. Wong Chun Chau and Ms. Kwok Yin Ning; and the independent non-executive Directors are Ms. Mak Yun Chu, Mr. Hung Wai Che and Mr. Leung Siu Kee.

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