Kingwisoft Technology Group Company Limited announced that with effect from 6 March 2023 Mr. NIU Zhanbin has tendered his resignations as an executive Director, the chairman of the Board, the chairman of the nomination committee of the Company and a member of the remuneration committee of the Company in order to devote more time to pursue his other business commitments, Mr. LIU Yang has tendered his resignations as an executive Director of the Company in order to devote more time to pursue his other business commitments Mr. WU Hui has tendered his resignations as an executive Director, the chief operating officer of the Company, the compliance officer of the Company and an authorised representative of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited in order to devote more time to pursue his other business commitments. Each of Mr. NIU, Mr. LIU and Mr. WU has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board would like to take this opportunity to express its appreciation to Mr. NIU, Mr. LIU and Mr. WU for their valuable contributions to the Company during their tenure in office.

Following the resignation of Mr. LIU, the office of the CEO has been vacant. Until the appointment of new CEO, the executive Directors will continue to oversee the day-to-day management of the business and operations of the Company and its subsidiaries. The Board further announces that, with effect from 6 March 2023: (i) Mr. QIU Xiaojian, an executive Director, has been appointed as the Chairman; and (ii) Mr. LI Xiang, an executive Director, has been appointed as the Compliance Officer and an Authorised Representative.

The Board further announces that, following the resignation of Mr. NIU, Mr. QIU has been appointed as the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 6 March 2023.