The board of directors of Luxxu Group Limited announced that with effect from 6 October 2022: Mr. See Ching Chuen has resigned as an executive Director and an authorised representative of the Company under Rule 3.05 of the Rule Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to his other business engagements; and Mr. Lee Ting Fung has been appointed as an executive Director and an Authorised Representative of the Company. Biographical details and other information of Mr. Lee is set out below. Mr. Lee Ting Fung, aged 30, has over 10 years of work experience in finance, investment and capital market industry.

Prior to joining the Group, Mr. Lee has been the chief executive officer of a sizable company in Hong Kong with over 100 employees, which principally engaged in financial sector. He has extensive experience in event organising, project and corporate management and networks in different industries. He is responsible for business developments and general administrative matters.

Under the leadership of Mr. Lee, the Group will actively explore business opportunities that bring value enhancement to shareholders, and strives to enhance the long-term growth potential of the Group and shareholder value. CHANGE OF AUTHORISED REPRESENTATIVE: The Board of the Company further announced that with effect from 6 October 2022: Mr. Lee has been appointed as an Authorised Representative of the Company under Rule 3.05 of the Listing Rules. CHANGE OF COMPOSITION OF BOARD COMMITTEE: The Board further announced that following the resignation of Mr. See as announced above, Mr. See has ceased to be the member of nomination committee with effect from 6 October 2022.