The board of directors of Most Kwai Chung Limited announces that the following Directors have tendered their resignations with effect from 5 May 2026: (a) Mr. Iu Kar Ho has resigned as an executive Director of the Company; (b) Mr. Luk Ka Chun has resigned as an executive Director (c) Ms. Leung Hoi Yui has resigned as an executive Director and a member of the nomination committee of the Board; (d) Mr. Leung Ting Yuk has resigned as an independent non-executive Director, chairman of the remuneration committee of the Board, chairman of the Nomination Committee, and a member of the audit committee of the Board; and Mr. Ho Kwong Yu has resigned as an independent non-executive Director, chairman of the Audit Committee, and a member of each of the Nomination Committee and the Remuneration Committee. The Board further announced that the following persons have been appointed as Directors with effect from 5 May 2026: (a) Ms. Cheng Taohong has been appointed as an executive Director and an Authorised Representative of the Company; (b) Dr. Yuan Yuan has been appointed as an independent non-executive Director, chairperson of the Audit Committee, and a member of each of the Nomination Committee and the Remuneration Committee; and (c) Ms. Yuan Fan has been appointed as an independent non- executive Director, chairperson of the Remuneration Committee, chairperson of the Nomination Committee, and a member of the Audit Committee. The biographical details of the newly appointed Directors are set out below: Ms. Cheng Ms. Cheng, aged 52, has over 20 years of experience in commodity trading and corporate management, as well as 10 years of experience in operating high-tech environmental protection enterprises in the PRC engaged in the clean utilization and harmless treatment of solid hazardous waste containing heavy metals.

From January 2024 to January 2026, she served as the president of Kingland Technology Co. Ltd. (a company listed on the Shenzhen Stock Exchange, stock code: 000711). From December 2020 to December 2023, she served as the vice president of Greennovo Environmental Technology Co.

Ltd. Prior to joining Greennovo Environmental, Ms. Cheng held various management positions from July 1996 to December 2020 at Yunnan Metallurgical Group Import & Export Co. Ltd. and Trafigura Investment (China) Co. Ltd. in the PRC, where she was responsible for, among other things, commodity import and export trading and regional management.

Ms. Cheng obtained a dual bachelor's degree from the Faculty of Foreign Languages of Yunnan University in July 1996. Dr. Yuan Dr. Yuan, aged 42, has about 15 years of experience in finance and securities industry. Dr. Yuan worked at the listed company department and research centre of the China Securities Regulatory Commission from May 2012 to March 2016.

From March 2016 to July 2017, he worked at Soochow Securities Co. Ltd., serving simultaneously as the chief strategist, the executive deputy director of research department, and a member of internal verification committee. Subsequently, he worked at Huafu Securities Co.

Ltd. of the Industrial Bank Group, serving simultaneously as the managing director, the deputy head of investment banking business committee, and the general manager of investment banking division from July 2017 to May 2020. Dr. Yuan has served as the managing director of Zhong De Securities Company Limited since May 2020. Dr. Yuan has been an independent non-executive director of China New City Group Limited (a company listed on the Stock Exchange, stock code: 1321) since 24 April 2023, an independent non-executive director of Qingci Games Inc. (a company listed on the Stock Exchange, stock code: 6633) since 17 October 2023, an independent non- executive director of Dongwu Cement International Limited (a company listed on the Stock Exchange, stock code: 695) since 4 June 2025, an independent director of Xinjiang Daqo New Energy Co.

Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 688303), and an independent director of Jiangsu Suzhou Rural Commercial Bank Co. Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 603323). Dr. Yuan obtained a joint doctorate degree in accountancy from the Shanghai University of Finance and Economics and the University of Washington in the United States in 2012 and a postdoctoral degree in finance from the Tsinghua University in 2014.

Ms. Yuan Ms. Yuan, aged 41, graduated from Peking University Law School in 2008. She has 14 years of experience as a practising lawyer. She holds a legal practising certificate and a fund qualification certificate.

She is currently a lawyer at Beijing Zhuopu Law Firm and an arbitrator of the Yulin Arbitration Commission. Ms. Yuan served as the legal director of Entertainment Works Angel Investment Fund from June 2018 to December 2020, the legal director of Beijing Yixiangtian Kai Culture Media Co. Ltd. from April 2016 to June 2018; and worked in risk control at Nanshan Financial Leasing (Tianjin) Co.

Ltd.* (()) from April 2015 to April 2016. She has been practising at Beijing Kunsheng Law Firm and Beijing Zhuopu Law Firm since then, focusing on core areas including corporate governance, investment and financing mergers and acquisitions, and civil and commercial dispute resolution.