China Kunda Technology Holdings Limited Announced Cessation of Lim Yit Keong as Independent Director, the number of members in the Audit, Nominating and Remuneration Committees. Reason For Cessation: Mr. Lim, who has served on the Board for more than 9 years, retires to facilitate Board renewal. Other than as disclosed in this announcement, there are no other reasons for the cessation of Mr. Lim as an Independent Director of the Company.

Following the aforesaid cessation, Mr. Lim has also relinquished his position as the Chairman of Nominating Committee and a member of the Audit and Remuneration Committees of the Company. After having interviewed Mr. Lim and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Lim as an Independent Director of the Company.

The Company expresses its gratitude to Mr. Lim for his valuable contribution during his tenure of service.