The board of directors of KNT Holdings Limited announced the following changes with effect from 29 October 2021: Mr. Zhou Hai ('Zhou') has been appointed as an executive Director and Mr. Hu Shilin ('Mr. Hu') has been appointed as the non-executive Director. Mr. Zhou has over 30 years of experience in insurance and asset management. Mr. Zhou was appointed as the committee secretary and general manager of Jiangxi Branch Office of PICC Property and Casualty Company Limited. He has over thirty years of experience in business management. In 2010, he was appointed as the director of Beijing Capital Development Holding (Group) Co. Ltd. ('Beijing Capital Development') and was subsequently appointed as the vice-chairman of Beijing Capital Development in 2016.