Chong Kin : VOLUNTARY ANNOUNCEMENT - APPOINTMENT OF INTERNAL CONTROL CONSULTANT

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CHONG KIN GROUP HOLDINGS LIMITED ௴ ܔ ණ ྠ€ છ ٰ Ϟ ࠢ ʮ ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1609)

VOLUNTARY ANNOUNCEMENT

APPOINTMENT OF INTERNAL CONTROL CONSULTANT

The board (the "Board") of directors (the "Directors") of Chong Kin Group Holdings Ltd (the "Company", together with its subsidiaries, the "Group") announces that, in order to identify any internal control issues in relation to the incidents referred to in the announcement dated 28 January 2021 of the Company and to comply with the code provision of the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 under the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Company has engaged Zhonghui Anda Risk Services Limited ("Zhonghui") as its internal control consultant to conduct a review of the internal control systems and procedures of the Group (the "Internal Control Review"), and to make recommendations accordingly.

Based on the scope of work and the working timetable proposed by Zhonghui, it is currently expected that a draft report of the results of the Internal Control Review will be ready by early June 2021, and the final report should be ready as soon as practicable thereafter. The Company will keep its shareholders and potential investors informed of any developments as and where required under the Listing Rules.

By order of the Board Chong Kin Group Holdings Limited

Zhang Jinbing

Chairman

Hong Kong, 24 February 2021

As at the date hereof, the Honorary Chairman of the Company is Mr. Lyu Changsheng; the Board comprises three executive Directors, namely Mr. Zhang Jinbing (Chairman), Mr. Ma Chao (co-Chairman and Chief Executive Officer) and Mr. Qiu Peiyuan; one non-executive Director, namely Mr. Gao Gunter; and three independent non-executive Directors, namely Mr. Tam Ping Kuen Daniel, Dr. Li Yifei and Mr. Yan Haiting.