The board of K. H. Group Holdings Limited announced that Mr. Liu Xin ("Mr. Liu") has tendered his resignation as an independent non-executive Director and the chairman of the audit committee and the remuneration committee and a member of the nomination committee of the Company with effect from 6 May 2024. The resignation of Mr. Liu is due to his inability to devote sufficient time to perform his duties as an independent non-executive Director because of his other business commitments. The Board announced that Mr. Chang Chih-Chia Chih-Hon has been appointed as an executive Director and Ms. Liu Yixing has been appointed as an independent non-executive Director with effect from 6 May 2024.

Mr. Chang, aged 51, obtained his bachelor's degree in Accounting from National Cheng Kung University in June 1999. Mr. Chang served as a director of operations management department of Century Technology (Shenzhen) Corporation Limited from 2007 to 2015, the chief operating officer and general manager of the Chongqing branch at China Golden Holdings Limited from 2016 to 2017, the general manager of industrial services department of China Fortune Land Development Co. Ltd. from 2017 to 2018, the executive vice president of Guangxi Taijia Optoelectronics Technology Co.

Ltd. from 2018 to 2019, and the project director of SDP Global China Corporation from 2019 to 2021. Mr. Chang has many years of experience in project, investment, and management in the field of photoelectric areas, display materials and industrial manufacturing. Mr. Chang has been appointed as an executive Director with effect from 6 May 2024.

Pursuant to the letter of appointment entered into between Mr. Chang and the Company, Mr. Chang has been appointed with a term of three (3) years from the date of his appointment and is subject to the retirement and re-election under the articles of associations of the Company. He will receive remuneration of HKD 846,000 per annum for his appointment and service with the Company, which is determined by the Board upon recommendation from the Remuneration Committee with reference to his qualifications, experience, level of duties and responsibilities undertaken in the Company and the prevailing market conditions. In accordance with the articles of association of the Company, Mr. Chang shall hold office until the next annual general meeting of the Company and shall then be eligible for re-election.

Ms. Liu, aged 40, obtained her bachelor's degree in Geographic Information Systems from East China Normal University in July 2005 and was qualified as a certified public accountant in the mainland China in December 2017. Ms. Liu served as the chief finance officer at Sino Engineering Limited from 2008 to 2022 and she has served as the finance manager at Kadence Automotive Technology (Shanghai) Limited since 2022. Ms. Liu has been appointed as an independent non-executive Director with effect from 6 May 2024.

The Board announces that, with effect from 6 May 2024, Mr. Chang has been appointed as the chairman of the Board. The Board announces that Mr. Chang has been appointed as the chairman of the Nomination Committee with effect from 6 May 2024 and Ms. Liu has been appointed as the chairman of the Audit Committee and the Remuneration Committee and a member of the Nomination Committee with effect from 6 May 2024.