The board of directors of K Group Holdings Limited announced that: Mr. Lei Xiongpeng has been appointed as the independent non-executive Director and been appointed as the member of each of the audit committee and the remuneration committee and the chairman of the nomination committee of the Board with effect from 14 September 2023; and Mr. Chau Wing Nam has been redesigned as a member of the Nomination Committee with effect from 14 September 2023. Mr. Lei, aged 58, completed a diploma in industrial and civil construction at Department of Architectural Engineering of South China Institute of Technology, currently known as South China University of Technology in Guangdong Province, the PRC in 1987. He has over 10 years of experience in construction engineering management.

He served as a technician of a construction engineering company in Zhongshan District from August 1987 to October 1996, during which he was responsible for drafting construction organization design, specialized construction plans, technical measures, and supervise their implementation. He served as technical director of a property management company in Guangdong province from March 1997 to March 2016, during which he was responsible for engineering and technical consultation. Currently he is a property construction engineering consultant for a real estate property management company in Zhongshan District.

From October 2020 to July 2021, he was an independent non-executive director of Hon Corporation Limited, the issued shares of which were delisted on GEM of The Stock Exchange of Hong Kong Limited on 22 June 2022. Following the appointment of Mr. Lei, the composition of the Board committees has changed with effect from 14 September 2023 as follows: Mr. Lei has been appointed as the member of each of the Audit Committee and the Remuneration Committee and the chairman of the Nomination Committee; and Mr. Chau has been redesigned as a member of the Nomination Committee.