The board of directors of Dragon King Group Holdings Limited announced that Mr. Jia Yongqiang tendered his resignation as an executive Director with effect from 17 November 2023 due to his other business development. The Board hereby announces Mr. Buer Gude tendered his resignation
as an independent non-executive Director, a chairman of the remuneration committee and a member of the audit committee of the Company with effect from 17 November 2023 due to his other business development. The Board announced that Ms. Liang Li has been appointed as an
executive Director with effect from 17 November 2023. Ms. Liang, aged 48, obtained a bachelor's degree in Design and Law from Shenyang University
in 2000. Ms. Liang has obtained the professional qualification of National Computer Rank Examination Certificate of Level 2 in the People's Republic of China. Ms. Liang has more than 20 years of experience and expertise in the field of marketing industry. She was the sales director of Taiping Life Insurance Company Limited from 2006 to 2020. The Board announced that Mr. Lo Shing Shan ("Mr. Lo") have been appointed as an
independent non-executive Director with effect from 17 November 2023. Mr. Lo, aged 40, obtained an honorable bachelor's degree in Business Administrative, majoring in Finance and minoring in Personal Financial Planning from the City University of Hong Kong in 2007. Mr. Lo has more than 15 years of experience in financial services and with extensive experience in management position. He was the senior financial planner, relationship manager and principal relationship manager of AMTD Financial Planning Limited from 2007 to 2012. He was also the regional director of China Wealth Management division of AMTD China (Holdings) Limited from 2012 to 2014. Mr. Lo then acted as the general manager of Mainland China Area division
of STI Financial Group from 2014 to 2016. From 2016 to 2023, he served as the fund manager of CR Wellington AI Fund SPC and the chief executive officer of CR Capital Holdings Limited responsible for managing the family's wealth. The Board further announces that Mr. Chow Yik has been appointed as the chairman of the Remuneration Committee with effect from 17 November 2023. Mr. Lo has been appointed as a member of each of the Audit Committee and Remuneration Committee with effect from 17 November 2023.