The board of directors of Kinetix Systems Holdings Limited announced that Mr. Yeung Wai Keung ("Mr. Yeung") has tendered his resignation as an independent non-executive Director, the chairman of remuneration committee and a member of each of the audit committee and nomination committee of the Company with effect from 1 March 2021 so as to spend more time with his family and further pursue his personal interests. Mr. Yeung has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Following the above change, the Board further announced that, Ms. Lam Shun Ka, the independent non-executive Director of the Company, was appointed as the chairman of the remuneration committee of the Company with effect from 1 March 2021.