K Group Holdings Limited announced that written notice has been served on Mr. Liu Junjie ("Mr. Liu") on 27 October 2022 to remove him from office as a Director pursuant to Article 105(h) of the amended and restated memorandum and articles of association of the Company (the "Articles of Association") and to terminate his service as a non-executive Director and a vice chairman of the Group pursuant to his service agreement and employment contract with the Group, with immediate effect. The reason for such removal is that the Company is of the view that Mr. Liu's limited attendance and participation at various Board meetings and general meetings and he is unable to fulfil his duties of skill, care and diligence as a Director. Accordingly, Mr. Liu's positions as a non-executive Director and vice chairman of the Group have been vacated with immediate effect on 27 October 2022.