CBK Holdings Limited announced that Mr. Chow Yik ("Mr. Chow") has retired as the chairman of Board with effect from 3 May 2024. Mr. Chow will continue to be an executive Director after the change. Mr. Yue Dinglong ("Mr. Yue"), an independent non-executive Director, has been re-designated as executive Director and succeeded Mr. Chow as the Chairman with effect from 3 May 2024.

After the change, Mr. Yue will be responsible for managing the Company. Mr. Yue will continue to serve as a member of each of the nomination committee, remuneration committee and legal compliance committee of the Company, but no longer serve as member of the audit committee. Yue Dinglong, aged 40, has over thirteen years of experience in marketing, finance and investment.

Currently serving as the marketing executive of Securities Business Department at Guoyuan Securities Limited since 2008. Mr. Yue holds a bachelor's degree of business management from Xi'an Jiaotong University. Mr. Tian Wuchun ("Mr. Tian") has been appointed as an independent non-executive Director of the Company, and a member of each of the Audit Committee, the Nomination Committee, the Remuneration Committee and the Legal Compliance Committee of the Company, with effect from 3 May 2024.

Mr. Tian, aged 47, has over 18 years of experience in management, finance and investment. He currently serves as the legal representative of Da Qian (Shenzhen) Education Group Limited* and Daqian (Shenzhen) Investment Group Limited. Mr. Tian graduated from Jiangxi Normal University with a major in Geography Education and is a Fellow Chartered Financial Practitioner.

The Board further announces that the appointment of Mr. Tian as a member of each of the Audit Committee, Nomination Committee, Remuneration Committee and Legal Compliance Committee have been effective as of the date of this announcement. The Board hereby announces that Mr. He Zhiwei ("Mr. He") has tendered his resignation as executive director of the Company with effect from 3 May 2024 due to devote more time to his other business commitments.