The board of directors of Dragon King Group Holdings Limited announced that Mr. Wong Luen Tung ("Mr. Wong") has resigned as an independent non-executive Director of the Company with effect from 27 January 2023, as he would like to spend more time to pursue his other business commitments. Following the resignation of Mr. Wong as an independent non-executive Director, Mr. Wong ceased to be the chairman of the audit committee ("Audit Committee") of the Board, and a member of each of the remuneration committee and the nomination committee of the Board of the Company.