KWG Group Holdings Limited announced that on 16 April 2024, the Lessors entered into the 2024 Property Lease Agreements II with the Lessee, pursuant to which the Lessors agreed to renew the terms of lease of the Properties under the 2020 Property Lease Agreements I & II, which have expired on 31 December 2023. According to the announcement of the Company dated 31 December 2020 regarding, among others, the lease of the Properties. The Board announces that on 16 April 2024, The Lessors entered into the 2024 property Lease Agreements II with The Lessee, pursuant to which The Lessors agreed to renew the term of lease of the Properties under The 2020 Property Lease Agreements II, which have expired on December 2023.

Principal terms of the 2024 Property Lease Ag agreements II are set out as follows: Date: 16 April 2024, Parties: Certain wholly-owned subsidiaries of the Company, as the Lessors, Guangzhou Kai Chuang Business Investments Group Company Limited (Guang Zhou Kai Chuang Shang Wu Tou Zi Ji Tuan You Xian Gong Si) as Lessee, Leased properties: the Properties, being various commercial properties located in Guangzhou with a total gross floor area of approximately 172.2 sq.m., Payment terms: Rental fees shall be payable monthly in advance on the 25th day of each preceding calendar month, Usage: Office space. Under Rule 14A.83 of the Listing Rules, as the 2024 Property Lease Agreement II, and the Existing Property Lease Agreements are all entered into between the Group and Guangzhou Kai Chuang or its wholly-owned subsidiaries, they are required to be aggregated. In this announcement, unless the context otherwise requires, unless the following expressions have the following meanings: 2020 Property Lease AgreementsI & II the agreements entered into between the Group andangzhou Kai Chuang and its wholly-owned subsidiaries on 31 December 2020, details of which were set out in the announcement of the Company dated 21 October 2022.

2023 Property Lease Agreements I' the agreements entered into between a wholly-owned subsidiary of the Company and Guangzhou Kai Chuang on 4 April 2023, details of which were set up in the announcement of the company dated 4 April 2023.