The board of directors of Luxking Group Holdings Limited announced the following changes in the composition of the Remuneration Committee ("RC") of the Company with effect from 24 August 2020: Mr. Er Kwong Wah, an Independent Director of the Company, is stepping down as the Chairman and remains as a member of the RC; and Mr. Chan Wai Man, an Independent Director of the Company who is currently a member of the RC, be appointed as the Chairman of the RC. Consequent to the aforesaid changes, the composition of the RC shall be as follows: Mr. Chan Wai Man (Chairman), Mr. Chng Hee Kok (Member), Mr. Er Kwong Wah (Member). The composition of the Board and other Board committees remain unchanged.