Dragon King Group Holdings Limited announced executive changes with effect from October 30, 2023. Mr. Huang Ai Chun has been appointed as an executive Director. Mr. Mtafi Rachid Rene has resigned as an independent non-executive Director, the member of each of the Audit Committee, Remuneration Committee and Nomination Committee.

Mr. Chui Chi Yun Robert has resigned as an independent non-executive Director, the Chairman of the Audit Committee and the member of each of the Remuneration Committee and Nomination Committee. Mr. Chow Yik has been appointed as an independent non-executive Director, the member of each of the Audit Committee, Remuneration Committee and Nomination Committee. Mr. Tsung Ching Fung has been appointed as an independent non-executive Director, the Chairman of the Audit Committee and the member of each of the Remuneration Committee and Nomination Committee.

Mr. Huang, aged 48, graduated from Guangdong University of Finance & Economics. Mr. Huang has obtained the professional qualification as an intermediate accountant in the People's Republic of China. Mr. Huang has more than 20 years of professional experience and extensive experience in the field of finance.

From 2012 to 2021, he has been acted as A Senior Financial Officer at Fu Sheng Group Limited. Mr. Chow, aged 42, obtained a bachelor's degree in Engineering, majoring in Electronic and Communication Engineering from the City University of Hong Kong and a master's degree of Business Administration programme at the School of Economics and Management of Tsinghua University. He is a fellow member of the Hong Kong Institute of Directors.

Mr. Chow is currently an executive director and the chairman of CBK Holdings Limited. He was the executive director of Wuxi Life International Holdings Group Limited (formerly known as Aurum Pacific (China) Group Limited) from April 2020 to June 2021. Mr. Tsung, aged 40, holds a bachelor 's degree in business with a major in Accounting and Finance from Griffith University, Australia.

Mr. Tsung is a member of the Chartered Institute of Management Accountants, the Certified Practising Accountants in Australia and the Hong Kong Institute of Certified Public Accountants. Mr. Tsung has more than 17 years of experience in accounting, investment analysis, mergers and acquisitions exercises, and corporate banking. Throughout the years, he has held various senior positions in international accounting firms, international banks, and the business sector.

Currently, Mr. Tsung is the founder and director of an accounting firm based in Hong Kong. Mr. Chow and Mr. Tsung have been appointed as a member of each of the Audit Committee, Remuneration Committee and Nomination Committee with effect from 30 October 2023. Mr. Tsung has also been appointed as the chairman of the Audit Committee with effect from 30 October 2023.